Victory Group Signs $1.3 Billion Deal with Independent Holders to Acquire 12,000 Bitcoins

Foresight News reports that Yingxi Group, a publicly listed Chinese textile company, has announced the signing of terms with independent holders to acquire up to 12,000 Bitcoins. Based on current market prices, the proposed acquisition has a total market value of approximately $1.3 billion. If completed, the transaction will be settled through the issuance of newly issued company common shares.