Addentax signs Memorandum of Understanding to raise $200 million through private placement to support cryptocurrency and AI strategies

Mars Finance reports that Nasdaq-listed company Addentax Group announced it has signed memoranda of understanding with two investment institutions to issue common shares at a price of $1.50 per share, raising a total of $200 million to support business growth in artificial intelligence (AI) and cryptocurrency financial services. The company announced last year a long-term investment and holding strategy for crypto assets, planning to acquire up to 12,000 Bitcoin and cryptocurrencies such as TRUMP.

BTC-3,17%
TRUMP-4,27%
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