Corporate Bitcoin ownership is accelerating. Today, five companies announced new Bitcoin purchases. Some companies are investing for the first time, while others are increasing their existing holdings.
Addentax plans to spend $1.3 billion on Bitcoin. They modified their previous plan to invest $800 million in TRUMP and BTC. This shift towards maximalism is being reflected among many companies.
Corporate Bitcoin Purchases Continue
Strategy (formerly MicroStrategy) has achieved great success in becoming a Bitcoin whale. Companies worldwide are following suit.
Currently, listed companies are purchasing more BTC than ETF issuers. They are exceeding global mining volumes. To demonstrate this strong trend, today five companies announced significant BTC purchases:
"Addentax announced today that it has entered into a non-binding term sheet. They plan to acquire up to 12,000 Bitcoins, which is significantly increased from the originally discussed 8,000 BTC. The proposed acquisition represents a total market capitalization of approximately $1.3 billion," the company claimed in a press release.
Addentax gained attention when they promised to invest $800 million in BTC and TRUMP a month and a half ago. However, the plan appears to have changed.
Today's announcement directly referenced the previous plan, increasing Bitcoin purchases and completely excluding TRUMP. Many companies now seem to be focusing on Bitcoin maximalism.
Some companies like DeFi Development are replicating strategies with altcoins. But BTC remains king. Addentax's large commitment is the biggest today, but other companies are also focusing on Bitcoin:
H100 Group has added 47.33 BTC to our treasury.
โ H100 (@H100Group) July 2, 2025
Total holdings: 247.54 BTC. pic.twitter.com/IKkD7gBZo6
At the current price of $109,000, H100 is spending over $5 million on BTC. Canadian lending platform Mogo has authorized up to $50 million in purchases. Genius Group, a Singapore-based AI-driven corporate education group, has acquired Bitcoin worth $2.1 million.
Sweden's K33 purchased only 10 BTC, but it's still a significant commitment.
These Bitcoin investments from all these companies are raising concerns about forming a new bubble. Many crypto companies are performing better than their held assets. This doesn't seem very sustainable.
How will DeFi operate if retail investors see prices rise in the largest crypto assets?
Additionally, there's another serious concern. Financial advisors are suggesting that all institutional investors should purchase Bitcoin. However, many corporate buyers are in an even worse situation.
More and more companies are switching to BTC. This is because their original core business is losing viability.
MicroStrategy itself has shown such movement, so it's not uncommon. However, unrealized losses and forced liquidations pose a significant threat, especially to companies that are not cautious. A Bitcoin price drop could create a crisis for some corporate holders.
