Addentax’s CEO, Hong Zhida, has stated that the company’s blockchain initiative supports a wider strategic plan by facilitating potential acquisitions of digital assets such as Bitcoin and introducing strategic investors with experience in the crypto ecosystem. “We believe that certain established digital assets can serve as a stable component of the Company’s long-term ownership, given their liquidity and the increasing institutional interest over the past few years,” Zhida said.
Despite the promising sound of this initiative, the market responded skeptically. Addentax’s stock fell more than 8% after the announcement, reflecting investors’ concerns about this business shift. Beyond investment considerations, Addentax’s move has also sparked political speculation. The company operates in the cross-border logistics sector previously affected by US-China trade tensions, especially during the era of President Donald Trump.
The purchase of Trump-themed tokens raised suspicions that Chinese companies are beginning to explore crypto as a way to align politically or address regulatory risks. Just two weeks prior, another logistics company was found to have purchased $20 million worth of TRUMP tokens, further fueling rumors of interconnected business and geopolitical strategies.
Meanwhile, the global crypto market is showing strength following announcements from the US and China regarding tariff reductions. US import tariffs on goods from China have been slashed from 145% to 30%, while China has reduced tariffs from 125% to 10.
Bank Sentral China Memperkuat Penggunaan Blockchain dalam Pembayaran Internasional
