Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 69

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 69
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Ultimately, if the awards
of new bitcoin for solving blocks declines and transaction fees for recording transactions are not sufficiently high to incentivize miners,
or if the costs of validating transactions grow disproportionately, miners may operate at a loss, transition to other networks, or cease
operations altogether. Each of these outcomes could, in turn, slow transaction validation and usage, which could have a negative impact
on the Bitcoin network and could adversely affect our revenues and results of operations.

<div align='center'>11

CAPITALIZATION AND INDEBTEDNESS</div>

Our
capitalization will be set forth in the applicable prospectus supplement or in a report on Form 6-K subsequently furnished to the SEC
and specifically incorporated by reference into this prospectus.

<div align='center'>USE OF PROCEEDS</div>

We
intend to use the net proceeds from the sale of the securities we offer as set forth in the applicable prospectus supplement(s).

<div align='center'>12

PLAN OF DISTRIBUTION</div>

We may sell the
securities offered through this prospectus (i) to or through underwriters or dealers, (ii) directly to purchasers, including our
affiliates, (iii) through agents, or (iv) through a combination of any these methods. The securities may be distributed at a fixed
price or prices, which may be changed, market prices prevailing at the time of sale, prices related to the prevailing market prices,
or negotiated prices. The prospectus supplement will include the following information:

| ● | the terms of the offering; |

| ● | the names of any underwriters or agents; |

| ● | the name or names of any managing underwriter or underwriters; |

| ● | the purchase price of the securities; |

| ● | any over-allotment options under which underwriters may purchase additional securities from us; |

| ● | the net proceeds from the sale of the securities; |

| ● | any delayed delivery arrangements; |

| ● | any underwriting discounts, commissions and other items constituting underwriters’ compensation; |

| ● | any initial public offering price; |

| ● | any discounts or concessions allowed or reallowed or paid to dealers; |

| ● | any commissions paid to agents; and |

| ● | any securities exchange or market on which the securities may be listed. |

Sale through Underwriters or Dealers

Only underwriters named in
the prospectus supplement are underwriters of the securities offered by the prospectus supplement. If