Addentax to Acquire 12,000 BTC: Nasdaq Company Invests in Bitcoin

02 July, 2025, 02:30 PM

Nasdaq-listed Addentax Group (ATXG) has revealed its intention to purchase up to 12,000 Bitcoin. The move signifies a notable investment in the cryptocurrency market by the company. The acquisition will be funded through a new share issuance, indicating Addentax's strategic approach to capital allocation for this significant Bitcoin investment. The specifics of the share issuance, including pricing and timeline, are expected to be announced shortly. This decision highlights the growing trend of publicly traded companies incorporating Bitcoin into their investment portfolios. Addentax's foray into Bitcoin reflects a wider acceptance of digital assets as a viable store of value and potential growth driver. This news could signal further institutional investment in the cryptocurrency space. ```