Corporate Bitcoin Buying Accelerates: Five Public Companies Make New BTC Moves

Bitcoin is once again at the center of corporate strategy as more public companies dive into digital assets. This week alone, five firms have either made their first Bitcoin purchases or expanded existing positions—adding fresh momentum to a trend that continues to reshape how institutions engage with crypto.

The most notable move comes from Addentax, which announced plans to acquire up to 12,000 BTC, representing a potential investment of approximately $1.3 billion. This is a significant jump from its earlier commitment of $800 million split between Bitcoin and TRUMP tokens. Now, the company appears to have gone all-in on Bitcoin, removing alternative assets from its strategy altogether.

Bitcoin Dominance in Corporate Portfolios

This shift toward Bitcoin-only strategies isn’t isolated. While some companies are still experimenting with altcoins and blockchain-based projects, the dominant corporate narrative now leans heavily toward Bitcoin maximalism.

Following the trail blazed by MicroStrategy, more businesses are allocating sizable portions of their treasury to BTC—often at the expense of traditional investments or struggling core operations. These firms see Bitcoin not just as a speculative play, but as a store of value amid global economic uncertainty.

Other recent movers include:

• H100, which allocated over $5 million to Bitcoin at current market prices.
• Mogo, a Canadian fintech firm, authorized Bitcoin purchases up to $50 million.
• Genius Group, based in Singapore, invested $2.1 million in BTC as part of a broader AI-driven financial strategy.

K33, a Swedish firm, acquired 10 BTC, a smaller purchase in relative terms but a notable signal of confidence from the European market.

Corporate Demand Outpaces ETF Inflows and Mining Supply

The scale and frequency of corporate Bitcoin buys now rival those of ETF issuers—and both are outpacing global Bitcoin mining output. This supply-demand imbalance could continue to drive prices upward, further fueling institutional FOMO (fear of missing out).

Yet, not everyone is celebrating. Some analysts warn that a corporate bubble may be forming, with companies potentially overexposed to Bitcoin volatility. As Bitcoin becomes a larger part of corporate balance sheets, sharp downturns in price could have serious implications for businesses that lack diversified revenue streams.

Strategic Pivot or Financial Risk?

Critics are also pointing to a troubling pattern: several of the firms investing in Bitcoin appear to be pivoting away from declining core businesses. In some cases, companies with dwindling revenues are turning to BTC as a high-risk bet for survival.

MicroStrategy famously made this shift in 2020, converting cash reserves into Bitcoin and redefining itself as a crypto-first firm. While that move has paid off so far, the strategy is not without risk. Unrealized losses, liquidity challenges, and the possibility of forced sales in bear markets loom over newcomers who may not fully grasp crypto’s price cycles.

Financial advisors remain divided. Some advocate that every institutional investor allocate a small percentage of assets to Bitcoin, citing long-term upside and hedging potential. Others warn that overexposure—especially by weaker firms—could backfire if market conditions shift.