Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 66

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 66
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a tumbling or mixing services (e.g., Tornado Cash) to further obfuscate transaction details.

The cryptocurrency industry
and our revenues may be adversely affected to the extent that digital assets are increasingly used in connection with illicit transactions,
or are perceived as being used in connection with illicit transactions.

Operational cost may exceed the award for solving blocks or transaction fees. Increased transaction fees may adversely affect the usage of the Bitcoin network.

Miners generate revenue from
both newly created bitcoin (known as the “block reward”) and from fees taken upon verification of transactions. If the aggregate
revenue from transaction fees and the block reward is below a miner’s cost, the miner may cease operations. Additionally, in the
event of a fork of the Bitcoin network, some miners may choose to mine the alternative new bitcoin resulting from the fork, thus reducing
processing power on the original blockchain.

Furthermore, the incentives
for miners to contribute processing power to the Bitcoin network is set to decrease over time. If transaction confirmation fees become
too high, the marketplace may be reluctant to use bitcoin. This may result in decreased usage and limit expansion of the bitcoin network
in the retail, commercial and payments space. Conversely, if the reward for miners or the value of the transaction fees is insufficient
to motivate miners, they may cease expending processing power for any blockchain to solve blocks and confirm transactions.

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