Bitcoin Breakthrough: Addentax Unveils Monumental $1.3 Billion BTC Acquisition Plan
2025-07-03 02:11:59
Main Idea
Nasdaq-listed Addentax (ATXG) plans to acquire up to 12,000 BTC, valued at approximately $1.3 billion, through a share issuance, signaling a strong commitment to its digital asset strategy.
Key Points
1. Addentax's proposed acquisition involves up to 12,000 BTC, worth around $1.3 billion at current market rates.
2. The funding mechanism for the acquisition will be the issuance of new company shares.
3. The deal, initially targeting 8,000 BTC, has expanded to 12,000 BTC, reflecting Addentax's confidence in its long-term digital asset strategy.
4. Share issuance may dilute existing shareholders' stakes but could offer long-term benefits if Bitcoin's value appreciates.
5. Addentax's move aligns with a growing trend of corporations adopting Bitcoin as part of their investment strategies, similar to companies like MicroStrategy.
Description
BitcoinWorld Bitcoin Breakthrough: Addentax Unveils Monumental $1.3 Billion BTC Acquisition Plan In a move that has sent ripples through both the traditional finance and cryptocurrency sectors, Nasdaq-listed Addentax (ATXG) has signaled its intent to make a colossal Bitcoin acquisition . This isn’t just another company dipping its toes into the digital asset world; Addentax is eyeing up to 12,000 BTC, a staggering sum currently valued at approximately $1.3 billion. For anyone watching the evolvi...
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