other_material
confidence high
sentiment positive
materiality 0.85
Addentax enters non-binding term sheet to acquire up to 12,000 bitcoins worth ~$1.3B via stock issuance
ADDENTAX GROUP CORP.
- Term sheet with independent Bitcoin holder for up to 12,000 BTC, valued at ~$1.3B at current prices.
- Settlement through issuance of new common shares; final terms subject to definitive agreement and due diligence.
- Potential acquisition size increased from 8,000 BTC disclosed in May 2025 to 12,000 BTC.
- Management cites bullish Bitcoin momentum and plans to allocate significant resources to long-term Bitcoin strategy.
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