Addentax Group Corp. Expands Potential Bitcoin Acquisition to 12,000 BTC in New $1.3 Billion Term Sheet

Reuters07-02

Addentax Group Corp. Expands Potential Bitcoin Acquisition to 12,000 BTC in New $1.3 Billion Term Sheet

Addentax Group Corp. has announced entering into a non-binding term sheet to acquire up to 12,000 Bitcoins from a substantial and independent Bitcoinholder, valuing the transaction at approximately US$1.3 billion. This update increases the potential acquisition size from the 8,000 Bitcoins initially discussed in May 2025. The transaction, if completed, will be settled through the issuance of newly issued shares of Addentax Group's common stock. This move aligns with the company's strategy to allocate significant resources to its long-term Bitcoin investment, capitalizing on the current bullish momentum.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Addentax Group Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN22907) on July 02, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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