U.S. listed company Addentax plans to raise $200 million through a rights issue to support its cryptocurrency and AI strategies

BTC-2,81%
TRUMP-2,55%

Odaily Planet Daily reports that NASDAQ-listed company Addentax Group announced that it has signed memoranda of understanding with two investment institutions to raise a total of $200 million through the issuance of common shares to support business growth in artificial intelligence (AI) and cryptocurrency financial services. The company proposed a long-term investment and holding strategy for crypto assets last year, planning to acquire up to 12,000 Bitcoin and cryptocurrencies such as TRUMP. (PRNewswire)

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