24/7 Market News Snapshot 02 July, 2025 – Addentax Group Corp. Common Stock (NASDAQ:ATXG)
DENVER, Colo., 02 July, 2025 (www.247marketnews.com) – (Nasdaq:ATXG) are discussed in this article.
Addentax Group Corp. (Nasdaq:ATXG) is generating significant buzz in the financial markets after witnessing a notable surge in trading. Opening at $0.679, the share price soared to $0.984, reflecting a remarkable increase of 41.14% from the previous session’s close of $0.697. This uptrend is coupled with a robust trading volume of 15.53 million shares, suggesting a strong bullish sentiment among investors regarding the company’s future prospects.
In a pivotal announcement amplifying investor interest, Addentax revealed its strategic plans to expand its cryptocurrency portfolio significantly. The company has entered into a non-binding term sheet with an independent Bitcoin holder for the potential acquisition of up to 12,000 Bitcoins, an increase from an earlier target of 8,000. At current market rates, this acquisition could reach a substantial valuation of approximately $1.3 billion.
The management team highlighted that this venture aligns with Addentax’s ambition to reinforce its investment strategy in Bitcoin, which has been gaining traction in recent months. The final acquisition terms, including the exact number of Bitcoins and corresponding share exchanges, will be finalized pending a definitive agreement and due diligence.
This strategic engagement demonstrates Addentax’s commitment to leveraging the growing appeal of cryptocurrency while positioning itself advantageously within the financial landscape. Investors and stakeholders can anticipate further developments as the company progresses with this initiative, reflecting its dedication to enhancing shareholder value and expanding its operational footprint in the dynamic blockchain sector. As momentum continues to build, ATXG remains an intriguing proposition for market participants.