Addentax Group Corp., a China-based company, has shared plans to make a big move into Bitcoin. The company just signed a non-binding agreement with a large and independent Bitcoin holder. If everything goes as planned, Addentax could buy up to 12,000 BTC, which are currently worth around $1.3 billion in total.
Instead of using cash, Addentax plans to pay for the Bitcoins by giving out newly issued shares of its stock. Details like the final number of Bitcoins, how many shares will be issued, and the price of those shares still need to be worked out between both sides.
This news builds on an earlier announcement the company made on May 15, 2025, when it said it was in talks with several Bitcoin holders to buy 8,000 BTC. Now, with this term sheet signed, the potential purchase has increased to 12,000 BTC from one major seller.
The company’s leadership says they are serious about Bitcoin and plan to invest heavily as part of their long-term strategy. They want to take advantage of the current positive market trend, where Bitcoin continues to gain global popularity and value.
This is just a preliminary agreement, and the deal is not final yet. It still depends on several factors: both sides need to sign a formal agreement, go through due diligence checks, and get the necessary approvals. But if it goes through, this could be a major shift for Addentax, turning it into a serious Bitcoin holder.
Also Read: 5 Reasons Why Bitcoin Price Fell, But Remains Bullish
