Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 67

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 67
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 our most recent annual report on Form 20-F, which is incorporated herein by reference, as well as the risk factors contained
in any prospectus supplement and in our filings with the SEC, as well as all of the information contained in this prospectus and the related
exhibits, any prospectus supplement or amendments thereto, and the documents incorporated by reference herein or therein, before you decide
to invest in our securities. Our business, prospects, financial condition and results of operations may be materially and adversely affected
as a result of any of such risks. The value of our securities could decline as a result of any of these risks. You could lose all or part
of your investment in our securities. Some of our statements in sections entitled “Risk Factors” are forward-looking
statements. The risks and uncertainties that we have described are not the only ones that we face. Additional risks and uncertainties
not presently known to us or that we currently deem immaterial may also affect our business, prospects, financial condition and results
of operations.

Please see “Where You
Can Find More Information” and “Incorporation of Certain Documents by Reference” for information on where you can find
the documents we have filed with or furnished to the SEC and which are incorporated into this prospectus by reference.

Risks Related to Bitcoin and the Bitcoin Network

The price of bitcoin may be volatile.

A significant amount of the
value of bitcoin is speculative, which could lead to increased volatility. Investors could experience significant gains, losses and/or
volatility, depending on the valuation of bitcoin. The issuance of bitcoin is determined by a computer code, not by a central bank, and
prices can be extremely volatile. For instance, during the period from December 17, 2017 to December 14, 2018, bitcoin experienced a decline
of roughly 84%, and experienced a similar decline in value from November 2021 to June 2022. There is no assurance that bitcoin will maintain
its long-term value in terms of purchasing power in the future, or that acceptance of bitcoin payments by mainstream retail merchants
and commercial businesses will continue to grow. Any decline in the price of bitcoin could materially and adversely affect our revenues
and results of operations.

Cryptomining may adversely affect the environment.

Digital asset mining operations
can consume significant amounts of electricity, which may have a negative environmental impact and give rise to public opinion against
allowing, or government regulations restricting, the use of electricity for mining operations. Additionally