Business Maneuver: Addentax Pursues Purchase of 12,000 Bitcoins
In a significant move that could reshape the cryptocurrency landscape, Addentax Group Corp. has announced plans to acquire up to 12,000 Bitcoins, a substantial increase from their initial plan of 8,000 Bitcoins. This institutional acquisition, worth approximately $1.30 billion, underscores Bitcoin's growing acceptance among institutional investors.
As of early July 2025, Bitcoin's price hovers around the $106,000 to $108,000 range, reflecting a bullish market sentiment. Bitcoin recently set record monthly closes in June 2025, breaking above $107,000 and remaining within a volatility channel bounded by $102,000 on the downside and just below $120,000 on the upside. The institutional acquisition by Addentax Group Corp. is likely to support price stability or upward pressure by reducing circulating supply, reinforcing the bullish technical signals already observed.
Price forecasts for Bitcoin in mid to late 2025 are generally optimistic, with analysts predicting Bitcoin to rise to levels between approximately $110,000 and $140,000 through summer and into the autumn. Some analysts even predict Bitcoin could hit around $115,000 in July 2025 and potentially reach as high as $200,000 by the end of 2025, driven by favorable macroeconomic conditions and continued adoption by institutional players like Addentax. However, key support levels remain critical, with $102,000 and $100,000 as psychological and technical floors. A breach below these could invalidate bullish outlooks.
The addition of 12,000 BTC held by a single group reduces market liquidity, which can contribute to higher volatility but also supports price appreciation if demand remains steady or increases. Market participants are closely watching this move to ascertain its impact on both the corporate and cryptocurrency landscapes.
John Kojo Kumi, a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem, has been tracking and reporting on this development. He is passionate about blockchain's transformative potential and aims to equip readers with knowledge to navigate digital assets and decentralized technologies.
This news comes at a time when the U.S. House has advanced the 'Deploying American Blockchains Act', and the SEC moves forward on universal crypto ETF listing standards. The SEC has also approved Grayscale Digital Large Cap Fund as a crypto ETF, a move that could further boost investor confidence in the cryptocurrency market.
In other news, Ondo Finance has acquired a broker for a tokenized stocks push, Coinbase has added Sky and USDS to its listing roadmap, and Kraken has secured a MiCA license for EU crypto operations. The FATF urges stronger regulation after a $1.46 billion crypto theft, while JD.com and Ant Group seek approval for an RMB stablecoin. Circle seeks a National Trust Bank charter to enhance USDC infrastructure, and Binance Pay has introduced new features for easier crypto transfers.
The TON Foundation has launched a UAE Golden Visa via crypto staking, and 1RT Acquisition Corp. is set to raise $150 million in an IPO. Douyin Surge has released a post titled "What is a Stablecoin" with an awareness of 12.13 million views. The U.S. Senate has approved tax cuts, with the Vice President's tie-breaking vote, and Hong Kong's new stablecoin ordinance is set to take effect in August.
The cryptocurrency market continues to evolve at a rapid pace, with institutional players increasingly participating in the space. As these developments unfold, it is crucial for investors to stay informed and make informed decisions.
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[2] Investing.com. (2025). Bitcoin Price Prediction. [Online]. Available: https://www.investing.com/crypto/bitcoin/prediction
[3] NewsBTC. (2025). Bitcoin Price Prediction 2025: Will BTC Reach $100,000 This Year? [Online]. Available: https://www.newsbtc.com/analysis/price-analysis/bitcoin-price-prediction-2025-will-btc-reach-100000-this-year/
[4] Forbes. (2025). Bitcoin Price Hits Record Monthly Close Above $107,000. [Online]. Available: https://www.forbes.com/sites/billybambrough/2025/07/01/bitcoin-price-hits-record-monthly-close-above-107000/?sh=73b3d5c2789f
- The institutional acquisition of 12,000 Bitcoins by Addentax Group Corp. adds weight to the growing acceptance of cryptocurrency in finance and business, representing a significant move in crypto trading.
- As Bitcoin's price remains within a volatile range of $102,000 to $120,000, crypto news reports suggest that the acquisition could support price stability or upward pressure by reducing the circulating supply, further reinforcing bullish technical signals.
- Amid high optimism in Bitcoin's price forecasts, with analysts predicting Bitcoin to rise to levels between $110,000 and $140,000, the acquisition by Addentax Group Corp., like other institutional investments, could signify continued adoptions and fuel the growth of the cryptocurrency market.
- In emerging technology and finance, cryptocurrency researcher John Kojo Kumi specialist in tokenomics and market dynamics, is closely following developments related to this acquisition, offering insightful analysis and reporting on its impact on the cryptocurrency landscape.
