Addentax Group Corp. (NASDAQ stock code: ATXG) announced today that it has signed a non-binding list of terms with an important independent Bitcoin holder, intending to acquire up to 12,000 Bitcoins, significantly increasing the potential acquisition size compared to the 8,000 Bitcoins initially discussed in the company's press release on May 15, 2025. Based on the current market price, the total market value of the proposed acquisition is approximately $1.3 billion. If the transaction is completed, the transaction will be settled by issuing new common stock of the company.
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Addentax Group Corp. Signs $1.3 Billion Term Sheet to Acquire Up to 12,000 Bitcoins
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