Addentax Group Corp. Plans 12,000 Bitcoin Acquisition Worth 1.3 Billion

Addentax Group Corp., a publicly traded company in the United States, has announced its intention to acquire up to 12,000 bitcoins. This move significantly increases the potential acquisition size from the originally discussed 8,000 bitcoins, as disclosed in the company's May 15, 2025 press release. Based on current market prices, the proposed acquisition represents an aggregate market value of approximately US$1.3 billion. The transaction, if completed, would be settled through the issuance of newly issued shares of the company's common stock.

The term sheet, which outlines the preliminary framework for the contemplated acquisition, remains subject to the negotiation and execution of a definitive agreement, the satisfactory completion of due diligence, and customary approvals. The final number of bitcoins to be acquired, the number of shares to be issued, and the issuance terms, including pricing, will be determined through mutual agreement between the parties.

This development follows the company's earlier announcement on May 15, 2025, regarding its discussions with multiple independent bitcoin holders. The company has now executed a non-binding term sheet with one of the substantial holders, who has expressed a willingness to sell up to 12,000 bitcoins in exchange for the company's shares of common stock. This increases the potential acquisition size from the originally discussed 8,000 bitcoins to 12,000 bitcoins.

The company's management has expressed a strong intention to allocate significant resources to its long-term bitcoin investment strategy. This strategy aims to capitalize on the current bullish momentum of bitcoin, given its global recognition and liquidity. Addentax Group Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing.

The company's forward-looking statements, which include discussions about future events and financial trends, are based on current expectations and projections. These statements involve known and unknown risks and uncertainties and are subject to various factors that may cause actual results to differ materially from the anticipated results. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.