menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Chinese Fi...
source image

Coindoo

1w

read

202

img
dot

Image Credit: Coindoo

Chinese Firm Plans $1.3B Bitcoin Buy—With a $7M Market Cap

  • Chinese firm Addentax plans a $1.3 billion Bitcoin acquisition, funded through new share issuance.
  • Critical details like pricing, share quantity, and transaction terms are yet to be finalized.
  • Amid a market cap below $7 million, concerns arise over share dilution and volatility.
  • The company's history includes talks on acquiring memecoin assets, raising skepticism from analysts.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app