Yingxi Group plans to acquire 12,000 Bitcoins, valued at approximately 1.3 billion USD.

[Bit推] Nasdaq-listed company, apparel manufacturer Addentax Group Corp. announced that it has signed a non-binding term sheet with a significant independent Bitcoin holder to acquire up to 12,000 Bitcoins, significantly increasing the potential acquisition scale from the initially discussed 8,000 Bitcoins in the company's press release on May 15, 2025. Based on current market prices, the total market capitalization of the proposed acquisition is approximately $1.3 billion. If the transaction is completed, it will be settled through the issuance of newly issued common stock of the company.

BTC1.96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
NotAFinancialAdvicevip
· 07-05 08:45
I bought it at the Floor Price.
View OriginalReply0
MetaMisfitvip
· 07-05 07:47
buy the dip this is going to
View OriginalReply0
DegenWhisperervip
· 07-03 09:31
Another sucker getting on board
View OriginalReply0
PessimisticOraclevip
· 07-02 14:10
Another hype company.
View OriginalReply0
DaoTherapyvip
· 07-02 14:09
Wow, what a ruthless move!
View OriginalReply0
OnchainUndercovervip
· 07-02 14:09
The new suckers have gotten on board for free.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)