Addentax Group, a logistics company based in China, is in discussions about acquiring $800 million in cryptocurrency assets, including Bitcoin and TRUMP. The company's intention behind this potential investment is unclear, but it could be related to trade negotiations, similar to another company in the industry.

Although the press release from Addentax did not specify the allocation of the $800 million between Bitcoin and other tokens, it only mentioned TRUMP as another altcoin of interest.

Since China prohibited crypto mining in 2021, the cryptocurrency industry has had limited influence in the country. However, Addentax, a significant Chinese conglomerate, is contemplating a substantial investment in crypto assets, including the TRUMP meme coin.

While Addentax appears primarily focused on purchasing Bitcoin, discussions are underway with undisclosed token holders possessing approximately 8,000 BTC, valued at $800 million. Nevertheless, the company is exploring options to diversify its crypto holdings beyond Bitcoin.

The mention of TRUMP as a potential altcoin purchase by Addentax impacted the meme coin's price, causing a slight increase to $13 from a previous drop below $12.50. Conversely, the firm's stock price, ATXG, declined by more than 8% post-announcement due to institutional investors' concerns about exposure to cryptocurrencies.

Rumors suggest that the acquisition of TRUMP could be linked to trade negotiations between the United States and China, given Addentax's involvement in cross-border textile shipments. Notably, a different logistics company recently invested $20 million in TRUMP, potentially as a strategic move in response to tariffs imposed by the Trump administration.

Addentax's official statement focused on Bitcoin and establishing relationships with influential crypto holders, emphasizing the long-term investment potential of established digital assets. However, the specific mention of TRUMP, with no mention of other altcoins, raises questions about the company's strategy amid broader speculation surrounding the controversial meme coin.