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.
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