Corporate Bitcoin Buying Wave Accelerates: Five New Public Companies Join the Race
This week marks a new milestone in the corporate Bitcoin investment wave, as five different public companies announced large-scale BTC acquisitions. Some are making their first investments in the digital asset, while others continue to expand their reserves, cementing their position in the crypto ecosystem.
Notably, corporate Bitcoin accumulation is now outpacing the issuance of Bitcoin ETFs and even the global daily mining output, signaling a clear shift in the asset strategy of publicly traded companies from holding cash to holding a significant portion of digital assets.
Addentax Leads the Way with $1.3 Billion Deal
Of the five new entrants, Addentax Group Corp. A publicly traded company made the biggest splash when it announced plans to buy up to 12,000 BTC, or $1.3 billion at current prices. The new deal is an adjustment from the original plan revealed just over a month ago, which included a commitment to invest $800 million equally between TRUMP tokens and Bitcoin.
However, with the latest announcement, Addentax has completely abandoned its investment in TRUMP and shifted its focus entirely to Bitcoin, a clear demonstration of the growing preference for Bitcoin as a core asset over experimental tokens.
Other companies quickly followed
Along with Addentax, four other publicly traded companies announced Bitcoin investments this week:
H100, a high-tech company, spent more than $5 million to buy BTC, reflecting a strategic move amid signs of recovery in the digital asset market.
Mogo, a Canadian-based fintech platform, confirmed plans to buy up to $50 million in Bitcoin to add to its balance sheet.
Genius Group, a Singapore-based AI-powered education group, has purchased $2.1 million in BTC, adding Bitcoin as part of its strategy to diversify assets and hedge against inflation.
K33, a Sweden-based investment firm, has also joined the trend with a purchase of 10 BTC, a small amount but still a significant commitment from an otherwise cautious company.
Strong growth or bubble signal?
The surge in corporate investment has many market experts starting to question: Is this a legitimate move or a sign of an asset bubble forming? Some analysts warn that many companies are focusing on Bitcoin when their core businesses are no longer growing, a worrying sign if BTC prices suddenly correct.
In fact, MicroStrategy, which pioneered the wave of corporate Bitcoin holdings, has also pursued a strategy of pivoting away from traditional software to become “the world’s largest public BTC reserve.” To date, this strategy has proven effective with unrealized profits of billions of dollars, but it also exposes large risks if the market reverses.
In addition, experts are concerned that the rush to hoard Bitcoin by businesses could price retail investors out of the market, increasing concentration and reducing accessibility to the broader community.
A new future for Bitcoin?
Despite concerns, the wave of corporate Bitcoin purchases does not seem to stop. With traditional financial markets still unstable and real interest rates remaining low, many companies see Bitcoin as a hedge against inflation and a decentralized store of value.
The fact that five companies announced investments in the same week shows that Bitcoin’s appeal in the corporate world is at its peak. In the near future, it is not impossible that more Fortune 500 companies will join the game, leading to changes in the global corporate finance structure.
The question is no longer “should I buy or not?”, but “how much and when?”, as Bitcoin gradually becomes an indispensable part of the asset portfolio of global corporations.