Addentax Group Corp. (ATXG) Soars 158.33% on $800M Crypto Acquisition

Addentax Group Corp. (ATXG) has experienced a volatile trading period, with the stock price rising to its highest level since September 2023 today, with an intraday gain of 158.33%. Conversely, the share price fell to its lowest level since April 2025, with an intraday decline of 23.61%.

The strategy of buying ATXG shares after they reached a recent peak and holding for 1 week resulted in a 9.16% annual return with 66.88% of months experiencing positive returns. However, this was slightly underperformed by the benchmark, which had a 13.81% annual return and 69.38% of months with positive returns. The best year for the portfolio was 2019 with a 24.02% return, while the worst year was 2022 with a -17.95% return. The maximum drawdown of 23.55% occurred from January 1, 2022, to September 30, 2022, with a recovery time of 18 months.

Addentax Group Corp. (ATXG) has recently announced a significant strategic move to acquire up to $800 million worth of Bitcoin and other cryptocurrencies. This acquisition will be funded through the issuance of shares of common stock, aiming to bolster the company's balance sheet with highly-liquid digital assets. The initiative also seeks to attract strategic investors from the cryptocurrency sector, aligning with the management's long-term vision to integrate digital assets into their holdings and establish networks with influential crypto holders as shareholders. This bold move has garnered substantial market and investor interest, contributing to the recent fluctuations in ATXG's stock price.

The acquisition plan reflects Addentax Group's proactive approach to leveraging the growing cryptocurrency market. By diversifying its asset portfolio with digital currencies, the company aims to enhance its financial stability and attract a broader range of investors. This strategic shift is part of a broader trend in the corporate world, where traditional companies are increasingly exploring the potential of digital assets to drive growth and innovation. The announcement has sparked discussions among industry analysts and investors, highlighting the potential impact of cryptocurrencies on the company's future performance and market position.