Listed company Addenntax signs a $1.3 billion term sheet to acquire 12000 bitcoins

According to a report by PRNewswire, Addendax Group Corp., a Nasdaq listed company and clothing manufacturer, announced that it has signed a non binding term sheet with an important independent Bitcoin holder to purchase up to 12000 bitcoins, significantly increasing the potential acquisition size compared to the 8000 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, it will be settled through the issuance of new common stocks by the issuing company.