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Addentax Plans $1.3B Bitcoin Acquisition

Adriana M. by Adriana M.
July 2, 2025
in Bitcoin News
Key Points:
  • Addentax aims to acquire a large Bitcoin amount.
  • The deal is non-binding and stock-funded.
  • Market views the plan with skepticism.
addentax-plans-1-3b-bitcoin-acquisition
Addentax Plans $1.3B Bitcoin Acquisition

Addentax Group Corp. announced a non-binding term sheet to acquire up to 12,000 BTC on July 2, 2025. The proposed transaction is valued at $1.3 billion and involves issuing new shares.

The substantial acquisition plan potentially affects Bitcoin markets and raises questions about its execution against Addentax’s small market valuation.

The proposed $1.3 billion transaction by Addentax stands out due to the company’s $7 million market cap. The deal involves issuing new shares, rather than cash, to acquire up to 12,000 BTC.

Addentax Group Corp. operates in garment manufacturing, logistics, and property management. Despite its lack of cryptocurrency industry experience, the company has entered into a non-binding agreement with an independent Bitcoin holder.

Immediate reactions in the crypto community are primarily skeptical, considering the potential acquisition size relative to Addentax’s valuation. If finalized, the plan could put significant buy pressure on Bitcoin.

Financial market participants question the transaction due to potential dilution of existing equity. No external institutional financing has been noted to support non-cash transactions of this scale.

Addentax’s market behavior resembles past attempts by other microcap firms. However, unlike MicroStrategy’s debt-funded purchases, Addentax’s plan includes initiating large-scale equity issuance for digital asset acquisition. The proposal necessitates thorough financial analysis.

Addentax Group Corp. “has entered into a non-binding term sheet with a substantial and independent Bitcoin holder to acquire up to 12,000 Bitcoins, significantly increasing the potential acquisition size from the originally discussed 8,000 BTC.” – Addentax Group Corp, PRNewswire

Community, developer, and regulatory responses remain limited to unofficial channels and informal reactions, with no notable official commentary from market leaders. There’s no current on-chain data reflecting movements linked to this announcement.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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