Addentax Group

Addentax Group Corp. (NASDAQ: ATXG) is a U.S.-listed corporation that initially focused on manufacturing clothing, logistics, and other related activities in Shenzhen, China. In 2025, the corporation announced that it would cease its traditional business operations and focus on managing digital assets, particularly Bitcoin. Addentax signed a term sheet to buy up to 12,000 BTC, which was worth about $1.3 billion at the time of the announcement. This was part of the transition. The company will do this by giving new shares to a private Bitcoin holder. This represents a significant leap from its previous goal of acquiring 8,000 BTC, making it one of the largest planned Bitcoin purchases by a publicly traded company.

The proposed deal still requires due diligence and final agreements, but management has made it clear that it intends to make Bitcoin a major asset on the company's balance sheet. The goal is to issue additional shares in exchange for BTC, rather than utilizing cash reserves. This aligns with the growing trend among some companies to utilize equity as a means of financing the acquisition of digital assets. If the sale goes through, Addentax's holdings would put it on the same level as companies like MicroStrategy in terms of the amount of Bitcoin they own, but they would have gotten the money in a different way.