The US-listed company Yingxi Group has signed a $1.3 billion agreement to purchase 12,000 bitcoins

ChainCatcher news, according to PR Newswire, the Chinese company Yingxi Group, listed on the US stock market, announced that it has signed a non-binding term sheet with a significant independent Bitcoin holder to acquire up to 12,000 Bitcoins, significantly increasing the potential acquisition scale compared to the initially discussed 8,000 Bitcoins in the company's press release on May 15, 2025. Based on current market prices, the proposed acquisition has a total market value of approximately $1.3 billion. If the transaction is completed, it will be settled through the issuance of newly issued common stock of the company.

This term sheet outlines the preliminary framework for the proposed acquisition, but a final agreement still needs to be negotiated and signed, due diligence completed, and regular approvals obtained. The final number of Bitcoins to be acquired, the number of shares to be issued, and the terms of issuance (including pricing) will be determined through negotiations between both parties.

Previously, the company announced on May 15, 2025, that it was in talks with several independent Bitcoin holders. Currently, the company has signed a non-binding term sheet with one of the major holders, who has expressed a willingness to sell up to 12,000 Bitcoins (BTC) in exchange for the company's common stock. This increases the potential acquisition scale from the initially agreed 8,000 Bitcoins (BTC) to 12,000 Bitcoins (BTC).

It is reported that Yingxi Group is a comprehensive service provider specializing in garment manufacturing, logistics services, as well as property management and subleasing.