Addentax Plans 50% Bitcoin Holdings Increase With $1.30 Billion Purchase

Addentax Group Corp., a Nasdaq-listed company, has announced its intention to acquire up to 12,000 Bitcoins, marking a significant increase from its previous plan to acquire 8,000 Bitcoins. The company has entered into a non-binding term sheet with a major Bitcoin holder to purchase the cryptocurrency valued at approximately $1.30 billion. This acquisition is part of Addentax's strategic move to expand its Bitcoin holdings by 50%, reflecting the company's growing interest and investment in the digital currency market.

The announcement, made on July 2, 2025, signifies a bold step by Addentax to bolster its cryptocurrency portfolio. The company has signed agreements with several Bitcoin holders, indicating a strong commitment to this acquisition. The current Bitcoin price, as referenced in the announcement, is $109,371.38, which underscores the substantial financial investment Addentax is making.

This move by Addentax is not only a testament to the company's confidence in the future of Bitcoin but also a strategic play to leverage the potential growth and stability of the cryptocurrency. By increasing its Bitcoin holdings, Addentax aims to position itself as a key player in the digital asset space, potentially reshaping its financial landscape and enhancing its market presence. The planned exchange could elevate the company's financial profile and align with their broader blockchain strategy, as stated by CEO Hong Zhida.

The acquisition of 12,000 Bitcoins is a significant milestone for Addentax, as it represents a major investment in the cryptocurrency market. This decision comes at a time when Bitcoin's value has been fluctuating, and the company's move to acquire such a large amount of the digital currency indicates a long-term vision and a belief in Bitcoin's potential for growth. The non-binding term sheet allows for flexibility in the transaction, enabling Addentax to finalize the details and ensure a smooth acquisition process.

This initiative supports the Company's broader blockchain strategy by facilitating potential acquisitions of digital assets such as Bitcoin and introducing strategic investors with experience in the crypto ecosystem. The company believes that certain established digital assets may serve as a stable component of the Company's long-term holdings, given their liquidity and increasing institutional interest over recent years.

Key industry figures have yet to comment on Addentax's announcement, and reaction from market analysts and community forums remains muted. The extent of regulatory endorsement and tactical alignment with market expectations is yet to be determined. However, if Addentax executes this large-scale Bitcoin acquisition, it could bolster further institutional confidence in Bitcoin. This transaction would enhance market liquidity and potentially influence Bitcoin's price trajectory, underlining the increasing corporate engagement with digital assets.