Listed company Addentax plans to purchase 12,000 bitcoins.

Odaily News Addentax Group Corp., a Nasdaq-listed clothing manufacturer, announced that it has signed a non-binding term sheet with an independent Bitcoin holder to purchase up to 12,000 Bitcoins, a significant increase in the potential acquisition size from the 8,000 Bitcoins initially discussed in the company's press release on May 15, 2025. Based on current market prices, the total market value of the proposed acquisition is approximately $1.3 billion. If the transaction is completed, the transaction will be settled through the issuance of newly issued common shares of the company. (Prnewswire)