09:46 AM EDT, 07/02/2025 (MT Newswires) -- Addentax Group ( ATXG ) said Wednesday it has signed a non-binding term sheet to acquire up to 12,000 bitcoins valued at about $1.3 billion from an independent holder.

The proposed transaction, which expands on a previously disclosed plan to purchase 8,000 bitcoins, would be settled through the issuance of new shares pending due diligence and regulatory approvals, according to the company.

Pricing and share issuance details will be determined in a definitive agreement, the company said.

Addentax ( ATXG ) shares were over 23% higher in early trading Wednesday.

Price: 0.86, Change: +0.16, Percent Change: +23.35