Addentax Group Eyes 12,000 BTC in $1.3B Deal
China’s Addentax Group expands BTC acquisition to 12,000 BTC in a $1.3 billion deal, signaling major corporate crypto adoption.
- Addentax initially planned 8,000 BTC, now targets 12,000 BTC
- Deal structured as $1.3 b term sheet for long-term holding
- Marks increasing institutional confidence in Bitcoin
Chinese textile powerhouse Addentax Group has escalated its Bitcoin ambition, signing a $1.3 billion term sheet to acquire up to 12,000 BTC, revised from the previously negotiated 8,000 BTC. This expansion highlights a growing trend of institutional players diversifying into cryptocurrency as a strategic reserve asset.
Addentax’s move reflects a broader shift among global corporations, which are increasingly allocating capital to Bitcoin. By expanding their BTC target, the Group signals deepening confidence in Bitcoin’s role as a hedge against currency devaluation and inflation.
Deal Structure and Strategic Implications
The $1.3 billion agreement under term sheet conditions likely includes phased purchases, compliance checks, and custody solutions to manage transfer and storage. Addentax’s increase in holding indicates not just speculative interest, but a long-term strategy—possibly using Bitcoin as part of their treasury or as a balance sheet diversifier.
This aligns with recent examples: companies like MicroStrategy and Tesla took leads in corporate Bitcoin adoption. Addentax now joins a growing list of corporations integrating BTC into their financial planning toolbox.
What This Means for Crypto and Textile Sectors
- Market Validation – A major industrial company committing billions to BTC boosts legitimacy and may attract similar institutional interest.
- Economic Strategy – With persistent inflation concerns and currency volatility, holding BTC can help protect corporate wealth.
- Industry Crossover – As textile firms aren’t typical crypto adopters, this signals broader sector interest beyond tech and finance.
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