Addentax Group signs a US$1.3 billion terms list to acquire up to 12,000 bitcoins "
Online report, Addentax Group Corp. (NASDAQ: ATXG) Yingxi Group today announced that it has signed a non-binding terms list with a major independent Bitcoin holder to acquire up to 12,000 bitcoins, a significant increase in the size of the potential acquisition compared to the 8,000 bitcoins originally discussed in the company's May 15 press release. Based on current market prices, the total market value of the proposed acquisition is approximately US$1.3 billion. If the transaction is completed, the transaction will be settled through a new issue of common shares by the issuing company.
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