Chinese Logistics Firm Eyes $800M Crypto Investment Including TRUMP Meme Coin
In a surprising move that’s stirring debate across financial and crypto circles, Chinese logistics giant Addentax Group has revealed plans to invest up to $800 million in digital assets—including Bitcoin and the politically charged TRUMP meme coin.
The Hong Kong-based company, primarily known for its global textile shipping services, announced ongoing negotiations with unnamed token holders holding approximately 8,000 BTC. While Bitcoin is the main target, TRUMP was the only altcoin explicitly mentioned in the official statement, raising eyebrows in both crypto and geopolitical spheres.
Strategic Diversification or Political Signal?
Although China has maintained a strict stance on cryptocurrency since its 2021 mining ban, there have been subtle signs of softening regulations. Addentax's crypto pivot comes at a time of increasing global institutional interest in digital assets. Company CEO Hong Zhida described the initiative as part of a “broader blockchain strategy” aimed at introducing strategic investors and diversifying long-term holdings.
“We believe that certain established digital assets may serve as a stable component of the company’s long-term holdings,” Zhida said, highlighting the growing role of crypto in institutional finance.
Yet, it’s the inclusion of TRUMP—rather than any other established altcoin—that has sparked intrigue. While the press release stopped short of quantifying how much of the $800 million might go toward TRUMP, the mere mention has influenced market sentiment. The meme coin’s price briefly climbed to $13 after dipping below $12.50 earlier in the day.
Mixed Market Response
Despite the modest uptick in TRUMP’s value, Addentax Group’s stock (NASDAQ: ATXG) took a hit, falling more than 8% following the announcement. Market analysts suggest that institutional investors may be wary of the company’s sudden exposure to such a volatile and controversial digital asset.
Speculation also abounds that the TRUMP coin investment could be a tactical move linked to ongoing trade tensions between the U.S. and China. With Addentax deeply embedded in cross-border logistics—a sector directly affected by U.S. tariffs—some observers wonder whether investing in a coin associated with former President Donald Trump could be an attempt to curry favor or hedge against policy risk.
Adding fuel to this theory, another logistics firm reportedly invested $20 million into TRUMP two weeks prior, potentially as a symbolic gesture amid shifting trade dynamics.
Unanswered Questions and a Watchful Market
For now, Addentax has remained silent on these theories, choosing instead to frame the investment within the context of technological innovation and long-term strategy. Still, the decision to single out TRUMP—excluding even prominent assets like Ethereum or Solana—leaves plenty of room for speculation.
Whether the move proves to be visionary or misguided remains to be seen, but it has certainly put both Addentax and the TRUMP meme coin back into the spotlight.