Shenzhen-based Addentax Group ($ATXG) has inked a non-binding deal to issue stock for up to 12,000 BTC (~$1.3 B).

• Would eclipse Tesla’s ~11.5 k $BTC and rank just behind MicroStrategy & Marathon among public holders

• Marks one of the largest Bitcoin grabs by a China-linked listed company

• Transaction still needs due-diligence, board sign-off and a definitive agreement

Source: X

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