Follow the tendency to add cryptocurrencies to corporate reserves, as if it were a bad copy of the Bitcoiner of Michael Saylor and Strategy (previously called Microstrategy).
This Thursday, May 15, it was known that the Textile and Real Estate Company Addentax Group Corp. (Nasdaq: ATXG) It aims to acquire 8,000 bitcoin (BTC) «along with other cryptocurrencies, such as the Trump Official Currency (Trump), With a current market value of approximately 800 million US dollars, through the issuance of ordinary shares ».
Although it is indicated that “a definitive agreement has not been reached”, Addentax managers “consider this initiative as the company’s main action to support their investment and long -term tenure strategy of cryptoactive, while strengthening their networks by incorporating influential cryptocurrencies as shareholders.”
Is informed in a release Press:
“ATXG aims to strengthen its balance through the acquisition of highly liquid and widely recognized digital assets, while incorporating new shareholders with experience and knowledge demonstrated in the cryptocurrency sector.”
Addentax Group, textile and real estate company.
Hong Zhida, executive director of Addentax, commented: «This initiative supports the broader blockchain strategy of the company, facilitating possible acquisitions of digital assets such as Bitcoin and attracting strategic investors with experience in the cryptocurrency ecosystem. We believe that certain consolidated digital assets can constitute a stable component of the long -term investments of the company, given its liquidity and the growing institutional interest in recent years ».
A meaningless strategy What do they really look for?
In principle, there is nothing objectable in a company to incorporate Bitcoin into its treasury. In fact, it is a strategy that has proven to be effective in protecting long -term value, especially in the face of the depreciation of Fíat money. Bitcoin offers properties that radically distinguish it from any other digital asset: Its emission is limited, its network is truly decentralized, and its monetary policy does not depend on arbitrary decisions or passing fashions.
In that sense, accumulating BTC in the balance can represent a rational play, especially if it is a sustained and well -understood bet, as in the case of Strategy, led by Michael Saylor. Over the years, this company has built not only a millionaire reserve in Bitcoin, but also a coherent narrative: Bitcoin as a superior asset, not as “one more crypt.”
However, what Addentax proposes does not have that clarity. His statement announces the intention of acquiring Bitcoin “along with other cryptocurrencies, such as the official Trump currency.” And that is where the strategy becomes confusing, contradictory and even dangerous. What is the point of mixing bitcoin —A reserve of globally recognized value— With a highly speculative token and of doubtful utility as Trump? Is this ignorance, bad advice, or simply a marketing movement to capture the attention of the media?
Everything indicates that this company, like others that have tried to get on the wave of “saylorization” without understanding it, is adopting a strategy based on Hype more than in conviction. We already saw something similar with GD Culture Group and with BTCS. In both cases, the corporate narrative sought to imitate Strategy’s accumulation model, but diluting its logic: instead of concentrating on Bitcoin, they chose to add Altcoins – as Ether (ETH), in the case of BTCS – or directly memecoins, like Trump.
Worse is when this strategy would be financed with issuance of actionsthat is, with the dilution of the current capital of the company. That implies that investors who today have participation in Addentax will see their percentage of property reduced to finance a risky and possibly poorly founded operation.
What we are seeing is an increasingly common phenomenon: companies that They want to replicate Microstrategy’s narrative without understanding why this narrative has force. Bitcoin is not a fashion, it is not a bet more within the universe of “the crypto.” It is an asset with solid foundations, with an immutable network, and with a monetary policy that has not changed in 15 years. Altcoins, on the other hand, live from euphoria cycles and die with oblivion.
The inclusion of Trump in a corporate strategy for accumulation of reserves is not only incoherent: it is an alert signal. Or this company does not understand what you are doing, or it is speculating with a media increase to raise the price of its shares. In either case, It is a play that reflects more opportunism than vision.
