Addentax Group, a Nasdaq-listed company, has announced the signing of memorandums of understanding with two investment institutions to issue common stock at $1.5 per share, aiming to raise a total of $200 million. According to ChainCatcher, the funds will be used to support business growth in the fields of artificial intelligence (AI) and cryptocurrency financial services.
Last year, the company proposed a strategy focused on long-term investment and holding of crypto assets, with plans to acquire up to 12,000 Bitcoins and other cryptocurrencies such as TRUMP.
