10:10 AM EDT, 05/15/2025 (MT Newswires) -- Addentax Group ( ATXG ) said Thursday it is in discussions with major cryptocurrency holders to acquire up to 8,000 bitcoins and other cryptocurrencies valued at nearly $800 million, through the issuance of common shares.

No definitive agreement has been reached, the company said.

The Shenzhen, China-based company said it "aims to strengthen its balance sheet by acquiring highly-liquid and widely recognized digital assets, while also bringing in new shareholders with demonstrated experience and expertise in the cryptocurrency sector."

Addentax ( ATXG ) shares were 52% higher at about $1.19 in recent trading.

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