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Addentax Group Corp. Enters Into US$1.3 Billion Term Sheet for Proposed Acquisition of Up to 12,000 Bitcoins
Prnewswire· 2025-07-02 13:20
SHENZHEN, China, July 2, 2025 /PRNewswire/ -- Addentax Group Corp. (Nasdaq: ATXG) (the "Company") today announced that it has entered into a non-binding term sheet with a substantial and independent Bitcoin holder to acquire up to 12,000 Bitcoins, significantly increasing the potential acquisition size from the originally discussed 8,000 BTC as disclosed in the Company's May 15, 2025 press release. Based on prevailing market prices, the proposed acquisition represents an aggregate market value of approximat ...
Lingerie Fighting Championships Announces Bitcoin Strategy In Advance of First UK Shows
Globenewswire· 2025-06-26 17:46
Core Insights - Lingerie Fighting Championships, Inc. (LFC) plans to add $230,000 worth of Bitcoin to its treasury within the next 30 days and aims to increase this amount to $2,000,000 over the next six months [4] - The company is set to host its first events in the UK, with LFC43: Sindependence Day 2 on July 4 in London and LFC44: Underground Knockouts on July 6 in Cardiff [5][11] - The events are expected to feature popular fighters from the US and UK, including current champions and top contenders [5][6] Financial Strategy - The addition of Bitcoin to the treasury indicates a strategic move towards cryptocurrency, potentially enhancing the company's financial flexibility and investment opportunities [4] - The planned increase in Bitcoin holdings reflects a commitment to diversifying assets and adapting to modern financial trends [4] Event Details - LFC43 is already sold out, with options for fans to watch live via pay-per-view on multiple platforms [5] - LFC44 will include several local UK fighters, showcasing the company's effort to engage with the local audience and expand its market presence [6][7] - The previous European event, LFC24, attracted nearly 5,000 fans, indicating a growing interest in LFC's unique blend of MMA and wrestling [7] Company Overview - Lingerie Fighting Championships Inc. focuses on producing mixed martial arts events featuring female fighters, targeting both live audiences and television viewers [9] - The company aims to create a distinctive sports entertainment experience, leveraging the appeal of its unique format to attract a diverse audience [9]
Pomerantz Law Firm Announces the Filing of a Class Action Against MicroStrategy Incorporated d/b/a Strategy and Certain Officers - MSTR
Prnewswire· 2025-05-26 14:00
NEW YORK, May 26, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against MicroStrategy Incorporated d/b/a Strategy ("Strategy" or the "Company") (NASDAQ: MSTR) and certain officers. The class action, filed in the United States District Court for the Eastern District of Virginia, and docketed under 25-cv-00861, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Strategy securities between April 30, ...
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against MicroStrategy Incorporated d/b/a Strategy (MSTR)
GlobeNewswire News Room· 2025-05-19 21:32
Core Viewpoint - A securities class action lawsuit has been filed against MicroStrategy Incorporated, alleging misleading statements regarding its bitcoin-focused investment strategy and treasury operations during the class period from April 30, 2024, to April 4, 2025 [1][2]. Group 1: Allegations of Misleading Statements - The complaint claims that the defendants overstated the anticipated profitability of the company's bitcoin-focused investment strategy and treasury operations [3]. - It is alleged that the risks associated with bitcoin's volatility and potential losses from the company's digital assets were understated [3]. - The public statements made by the defendants were deemed materially false and misleading throughout the relevant period [3]. Group 2: New Key Performance Indicators - The company introduced new key performance indicators (KPIs) such as "BTC Yield," "BTC Gain," and "BTC $ Gain" to measure its financial results, which were intended to help the market assess its bitcoin acquisition strategy [2]. Group 3: Legal Proceedings - Investors who acquired shares of MicroStrategy are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on July 15, 2025 [4].