Japanese energy and fintech firm Remixpoint has announced a major pivot toward Bitcoin, raising ¥31.5 billion (approximately $215 million) to acquire up to 3,000 BTC. The Tokyo-listed company is the latest in Japan to restructure its corporate strategy around Bitcoin as a long-term treasury asset, following the path set by industry trailblazer Metaplanet.

With Japan’s yen remaining weak, interest rates hovering near zero, and the regulatory environment warming to crypto, listed companies are beginning to embrace Bitcoin as a hedge against fiat devaluation and as a tool for financial innovation.

Corporate Treasury Strategy Goes Digital

Remixpoint’s BTC acquisition plan isn’t just a diversification play, it’s part of a broader strategic shift. The company described its Bitcoin purchase as a result of “in-depth internal debate,” aimed at boosting long-term corporate value while carefully managing risk.

This isn’t just rhetoric. Remixpoint plans to make Bitcoin a central pillar of its corporate treasury strategy, with its leadership personally invested in this direction. Notably, President and CEO Yoshihiko Takahashi will receive his entire salary in Bitcoin.

The firm said this move helps align executive incentives with shareholder interests, especially as the company’s stock increasingly mirrors Bitcoin’s price movements. By placing Bitcoin at the heart of its financial planning, Remixpoint signals confidence in crypto’s future and the evolving macroeconomic landscape.

Following Metaplanet’s Lead: A Proven Playbook

Remixpoint’s strategy closely mirrors that of Metaplanet, a company that successfully transformed from a struggling hospitality firm into one of Japan’s most-watched Bitcoin-holding companies. Since adopting a Bitcoin-centric treasury model in mid-2023, Metaplanet’s stock has soared over 500%, capturing retail and institutional investor attention.

Metaplanet’s goal is to amass 210,000 BTC by 2027, effectively positioning itself as Japan’s closest equivalent to a spot Bitcoin ETF. Its transformation has inspired confidence in the viability of Bitcoin as a treasury reserve asset, especially in Japan’s uniquely deflationary and low-yield environment.

Remixpoint appears to be taking notes, aiming not only for a significant BTC treasury but also for a deeper integration of Bitcoin into its executive compensation and corporate ethos.

Growing Trend Among Japanese Firms

Remixpoint is not alone. Japan is witnessing a growing trend of listed firms exploring or adopting Bitcoin on their balance sheets. Game developer Gumi Inc. recently allocated $6.3 million into Bitcoin, aiming to convert portions of its gaming revenue into long-term digital assets.

Fashion retailer ANAP Holdings began with a modest 50.6 BTC purchase but has already announced plans to increase that to over 1,000 BTC by August. These moves indicate growing confidence among Japanese corporates that Bitcoin can act as a robust store of value, even in traditionally conservative financial circles.

Moreover, Japan’s regulatory climate, while stringent, has become more transparent and supportive in recent years. This has allowed public companies to explore Bitcoin-based strategies with clearer legal frameworks and investor communication standards.

Bitcoin as a Corporate Asset Class

The rise of Remixpoint, Metaplanet, and other Japanese firms embracing Bitcoin could mark a shift in how corporations globally approach digital assets. While the US has seen large players like MicroStrategy champion BTC reserves, Japan’s movement is significant given its unique monetary conditions and cautious corporate culture.

As more companies align executive compensation and treasury policies with Bitcoin, we may witness a broader institutional shift toward decentralised assets. For Remixpoint, this is more than a speculative investment, it’s a foundational pivot designed to prepare the company for a digital-first financial future.

Bitcoin is once again at the centre of attention, and this time, the reason is a record-breaking weakness in the US Dollar. As the Dollar Index (DXY) drops to levels not seen in over two decades, analysts are pointing to highly favourable conditions for Bitcoin and other risk assets. Onchain data and macroeconomic indicators suggest that BTC could be gearing up for a strong upward move.

US Dollar Index (DXY) Hits 21-Year Weakness

In early July, the US Dollar Index (DXY) dropped to 96.377, a level last seen more than three years ago, and currently sits over 10% lower year-to-date. Even more striking is that DXY is now 6.5 points below its 200-day moving average (MA), the largest deviation in 21 years.

US Dollar Index (DXY) 1-week chart with 200-day MA. Source: TradingView

According to CryptoQuant, a well-known onchain analytics platform, this is a rare and significant moment. Contributor Darkfost highlighted that while this may seem alarming, it’s historically been very bullish for Bitcoin and other risk assets.

The dollar’s drop coincides with the US national debt reaching all-time highs and new trade tariffs, both of which are weakening the greenback’s position globally.

Bitcoin and the Inverse Dollar Correlation

Bitcoin has a long-standing inverse correlation with the US Dollar Index. This means that when the dollar weakens, Bitcoin often strengthens and vice versa. Although this relationship has had exceptions, the broader trend still holds weight.

US Dollar Index (DXY) vs. BTC/USD (screenshot). Source: CryptoQuant

CryptoQuant’s recent data shows that Bitcoin typically performs well when the DXY trades below its 365-day moving average. We’re currently in one of those phases, and historically, that has been a setup for strong BTC rallies.

“As the dollar weakens and loses its safe-haven appeal, investors reassess their portfolios and shift capital toward alternative asset classes,” said Darkfost.

This shift is not just technical but also psychological. As confidence in fiat currencies declines, crypto assets like Bitcoin gain more appeal.

US Debt and Tariffs Add More Pressure

The current economic backdrop in the US is adding further weight to the dollar’s decline. Trade tariffs have been ramped up, weakening international demand for the dollar. At the same time, US debt continues to climb, fuelling concerns about the long-term value of the currency.

Economist Lyn Alden weighed in on the situation, stating that the only time holding dollars makes sense is when it is extremely strong. With current policy trends indicating more debt and higher credit levels, that strength looks unsustainable in the long run.

“If total credit and dollars in the system keep increasing over the next five, seven, ten years, that’s one of the macro factors that makes Bitcoin useful to own,” said Alden.

What This Means for Bitcoin Investors

Despite the perfect storm forming in Bitcoin’s favour, the price hasn’t reacted sharply. That may present a golden opportunity for long-term investors. If history repeats itself, a weak DXY typically triggers a strong BTC uptrend within weeks or months.

It’s also worth noting that Bitcoin has become increasingly mainstream, with growing institutional interest. So, any major price action could be amplified by faster adoption and bigger capital inflows.

For crypto investors, the current DXY weakness could be the cue they’ve been waiting for. If you’re holding or considering buying Bitcoin, the macro backdrop is starting to align in your favour.

Bitcoin’s price trajectory may be preparing for a significant breakout, as long-term holders (LTHs) now possess over 80% of the total circulating supply, a milestone that historically precedes major rallies. According to on-chain data and insights from analyst CrediBULL Crypto, this pattern has only occurred twice before, and each time led to gains of 72% and 84%.

LTHs, defined as wallets holding BTC for at least 155 days, have steadily increased their share of the total supply. As of June 5, these investors held a record 14.7 million BTC, worth roughly $1.6 trillion. This increasing concentration of Bitcoin in the hands of ‘diamond hands’ drastically reduces liquid supply, creating conditions ripe for a supply shock.

Historical Fractals Hint at $150K Bitcoin

The current setup echoes past fractals that preceded explosive moves higher. In both February and October 2024, when LTH supply crossed the 80% threshold, Bitcoin surged by 72% and 84% respectively. Analysts believe that history may soon repeat or even exceed expectations.

BTC: LTH supply. Source: Bitcoin Magazine

CrediBULL Crypto stated on X:

“Over 80% of all the Bitcoin that will ever exist is currently being HODL’d. With this level of supply lock-up, the next impulse is imminent. This one could be bigger than the last, potentially taking BTC above $150,000.”

The implication is clear: once excess supply is absorbed by long-term holders, any incremental demand whether retail or institutional is met with limited available BTC, leading to sharper price increases.

Options Market Eyes $130K Bitcoin by September

Crypto derivatives traders are also bracing for a potential breakout. Activity on Deribit, the leading crypto options exchange, shows a surge in open interest around September $130,000 call options, a bet that Bitcoin could reach or exceed that level in the coming months.

BTC: Total supply held by LTH. Source: Glassnode

QCP Capital, a Singapore-based digital asset trading firm, commented in a July 7 investor note:

“Vols remain pinned near historical lows, but a decisive breach of the $110,000 resistance could spark a renewed volatility bid.”

The firm noted increased positioning in September $115,000–$140,000 call spreads, reflecting strong bullish sentiment for Q3. This implies that sophisticated market participants are preparing for a rapid and extended move upwards, should BTC break past the $110,000 barrier.

Liquidity Clusters Point to Breakout Zones

Supporting this view, data from CoinGlass reveals major liquidity pools in the $110,000–$130,000 range, with notable ask orders clustered between $122,000 and $130,000. These levels are expected to act as key battlegrounds once Bitcoin enters price discovery mode.

BTC/USDT three-day liquidation heatmap. Source: CoinGlass

With minimal sell pressure below these zones and strong options positioning, a breakout could trigger cascading buy orders and liquidations of short positions.

Illiquid Supply Meets Institutional Demand

As long-term holders tighten their grip on Bitcoin’s circulating supply, and institutional players continue steady accumulation, the likelihood of a major bullish impulse increases. The current macro setup, a combination of illiquidity, historical fractals, and speculative bets, paints a compelling picture for Bitcoin’s next leg.

If momentum builds and BTC decisively clears $110,000, market participants may soon witness a fresh all-time high and a sprint toward the much-anticipated $130,000–$150,000 range.

Chinese textile manufacturer Addentax Group Corp. (NASDAQ: ATXG) has stunned the financial and crypto markets by announcing a substantial increase in its Bitcoin acquisition plan. The company has entered a non-binding term sheet to purchase up to 12,000 BTC, raising the total value of the proposed deal to a staggering $1.3 billion. This move marks a 50% jump from the 8,000 BTC target disclosed just two months ago in May 2025.

Despite operating in a traditional industry, Addentax is embracing digital assets as a strategic investment, becoming one of the latest, institutional players to join the Bitcoin bandwagon amid ongoing market uncertainty.

Share-Based Settlement for a Massive Crypto Play

What makes the deal particularly interesting is the financing structure. Instead of using cash reserves, Addentax intends to settle the purchase using newly issued shares. This creative mechanism allows the company to make a substantial bet on digital assets without draining operational liquidity.

Bitcoin price chart showing current market performance – Source: TradingView

Such a structure might be innovative, but it doesn’t come without risk. Addentax’s market capitalisation is only $6.83 million, dwarfed by the $1.3 billion Bitcoin acquisition. The resulting share dilution could significantly affect existing shareholders, depending on the final pricing and issuance terms, which are still under negotiation.

CEO Hong Zhida justified the move, stating:

“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.”

Balancing Ambition with Regulatory and Market Realities

Addentax’s strategic pivot toward Bitcoin comes at a time of high market volatility and mounting regulatory scrutiny. The company’s stock has been trading below $1 for over a year, placing it at risk of Nasdaq delisting unless it regains compliance with the minimum bid price requirement within 180 days.

This makes the deal doubly complex, as Addentax must navigate not only the logistics of acquiring and securing 12,000 BTC, but also the regulatory maze surrounding large-scale digital asset investments. Finalisation of the deal is still pending due diligence, pricing negotiations, and regulatory approvals, all of which may introduce delays or even jeopardise the acquisition entirely.

Implications for the Broader Market

If successful, Addentax’s entry into the Bitcoin market could signal a broader shift among non-tech and non-financial firms toward crypto as a treasury asset. This would mirror the pioneering moves by companies like MicroStrategy, though Addentax’s industry background makes its decision particularly noteworthy.

However, critics argue that the timing and scale of the investment are risky, especially given Bitcoin’s price fluctuations and the company’s precarious stock position. Yet, should the acquisition succeed and Bitcoin prices rally, Addentax may not only stabilise its financials but also emerge as a case study in corporate crypto adoption.

Addentax’s $1.3 billion Bitcoin acquisition plan is both ambitious and unconventional, especially for a traditional Chinese textile firm with a modest market cap. While the deal remains unconfirmed and carries significant execution and regulatory risks, it reflects growing institutional interest in Bitcoin as a long-term asset class.

Whether it turns into a bold masterstroke or a cautionary tale will depend heavily on regulatory approval, market movements, and Addentax’s ability to convince stakeholders that its Bitcoin strategy is more than just a speculative play.

Bakkt Holdings Inc., a crypto software firm owned by the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange has announced plans to raise up to $1 billion through a shelf registration, according to a recent filing with the US Securities and Exchange Commission (SEC). This move could pave the way for the firm to start buying Bitcoin and other cryptocurrencies as part of its updated treasury strategy.

What is Bakkt’s $1B Shelf Registration?

A shelf registration allows a company to register a large number of securities in advance, which it can then sell over time without having to file separate paperwork for each offering. This gives companies quick access to capital markets when market conditions are favourable.

Bakkt’s filing reveals it could issue up to $1 billion worth of a mix of:

• Class A common stock

• Preferred stock

• Debt securities

• Warrants

• Or combinations of these instruments

Importantly, the filing also confirmed Bakkt has updated its investment policy to allow the purchase of Bitcoin and other digital assets as part of its corporate and treasury strategy. However, as of now, the company has not made any actual crypto purchases.

An excerpt of Bakkt’s regulatory filing. Source: SEC

“We may acquire Bitcoin or other digital assets using excess cash, proceeds from future equity or debt financings, or other capital sources,” the company stated in its filing.

Bitcoin Buys – A Strategic Shift

This filing marks a significant shift in Bakkt’s approach. Originally launched in 2018, the company focused on building infrastructure for digital asset payments and custody. Now, it seems Bakkt is leaning more into holding crypto assets themselves, similar to how companies like MicroStrategy and Tesla added Bitcoin to their balance sheets.

The updated investment policy allows Bakkt to make such purchases when the timing is right. However, the firm clarified that any Bitcoin or crypto buys will depend on:

• Market conditions

• Business performance

• Capital availability

• Strategic opportunities

This flexibility could allow Bakkt to move swiftly during bullish market periods or when digital asset prices dip.

Financial Struggles and ‘Going Concern’ Warning

Despite this bold move, Bakkt is facing serious financial headwinds.

In its SEC filing, Bakkt openly admitted to a “limited operating history” and a “history of operating losses.” More concerning, it also flagged “substantial doubt” about its ability to continue operating as a “going concern” an accounting term indicating a risk that the company may not be able to meet its financial obligations in the near future.

Bakkt’s recent troubles have included the loss of key clients. In March, its stock fell over 30% after announcing that Bank of America and Webull would not renew their commercial agreements with the firm.

Market Reaction and Bakkt’s Outlook

After the announcement of the shelf offering, Bakkt’s share price saw a small 3% rise, closing at $13.33. However, the stock remains down 46% year-to-date, highlighting ongoing investor concern over the firm’s future performance.

BKKT price year-to-date. Source: Google Finance

Despite these challenges, Bakkt remains bullish on the broader crypto market. In a recent post on X (formerly Twitter), the firm responded positively to the growing number of crypto IPOs, including those from Circle, eToro, and Gemini.

“These developments bring validation, visibility, and maturity to the market,” Bakkt said, hinting that the crypto industry is once again gaining real momentum.

Bakkt’s $1 billion shelf offering signals a renewed focus on crypto assets, potentially aligning the firm with other major companies that have diversified into digital assets. While this could be a strategic opportunity to ride the next crypto bull run, investors should remain cautious given the company’s financial instability and the uncertainty around its operations.

The next few months will be crucial. Whether Bakkt becomes a new corporate Bitcoin holder or continues to struggle financially may depend on market sentiment, successful capital raising, and clear execution of its updated strategy.

Entrepreneur Anthony Pompliano has announced a groundbreaking $1 billion deal to establish ProCap Financial, marking a historic milestone in Bitcoin treasury management. This merger combines ProCap BTC with Columbus Circle Capital I, creating the largest Bitcoin-focused treasury powerhouse to date.

The deal includes $500 million in equity and $250 million in convertible notes, reflecting a growing trend of institutional adoption. This approach builds on the model set by MicroStrategy, which currently holds over $63 billion in Bitcoin, showcasing how firms are leveraging Bitcoin to hedge against inflation and diversify reserves.

ProCap’s Innovative Revenue Model

Unlike traditional treasury management companies, ProCap Financial aims to generate profits beyond Bitcoin appreciation. The company plans to use its Bitcoin holdings for lending, derivatives, and financial services, providing diversified revenue streams while mitigating market volatility.

“Our objective is to develop a platform that will not only acquire Bitcoin for our balance sheet but will also implement risk-mitigated solutions to generate sustainable revenue and profits from our Bitcoin holdings,” said Pompliano.

This revolutionary approach could set a precedent for how companies manage crypto assets, highlighting Bitcoin’s potential as both a store of value and a tool for active financial growth.

Institutional Backing Signals Confidence

The merger has garnered significant institutional support, with contributions from leading financial players such as Citadel, Susquehanna, Jane Street, and Magnetar. Crypto-focused firms including Off the Chain Capital, Pantera, Coinfund, Parafi, Blockchain.com, and FalconX have also backed the deal.

This diverse support underscores a strong confidence in Bitcoin’s role within institutional finance, particularly as traditional financial systems grapple with inflationary pressures and regulatory uncertainties.

Strategic Timing Amid Policy Shifts

The merger comes at a pivotal moment as President Trump explores cryptocurrency policy reforms, including the establishment of a strategic Bitcoin reserve. This aligns with a broader acceptance of Bitcoin treasury management among traditional institutions, addressing previous regulatory concerns.

Bitcoin treasury market growth chart – Source: Bitcointreasuries.net

ProCap Financial’s active management model and sustainable revenue strategy may inspire similar mergers, paving the way for corporations to explore Bitcoin as a key component of their financial strategies.

A New Standard in Crypto Treasury Management

This $1 billion transaction represents a significant step toward mainstream adoption of Bitcoin treasury solutions. ProCap Financial’s innovative approach and robust institutional backing could accelerate the integration of crypto assets into corporate finance, setting new benchmarks for the industry.

As inflation concerns and economic uncertainties persist, Bitcoin’s role as a financial asset continues to evolve, offering companies a compelling blend of stability and growth potential. ProCap’s success may signal the beginning of a new era for Bitcoin in institutional finance.

Bitcoin ASIC producer Canaan has completed its first pilot production run in the United States, signaling a strategic pivot in its operations. This move mirrors its Malaysian manufacturing model and comes as the company sharpens its focus on crypto infrastructure by exiting the artificial intelligence (AI) hardware sector.

“Our core strength lies in crypto infrastructure and Bitcoin mining,” said Canaan CEO Nangeng Zhang. “Doubling down on these areas is the most strategic path forward for us.”

Canaan CEO Nangeng Zhang

While acknowledging higher production costs in the US, Canaan views this initiative as a strategic hedge against tariffs and a long-term investment in resilience.

A Strategic Realignment for Growth

Canaan’s decision to exit the AI chip business underscores a commitment to focusing on its primary market—Bitcoin mining. By realigning its resources, the company aims to strengthen its position as a leading ASIC manufacturer.

Canaan controls 2.1% of the Bitcoin mining ASIC market. Source: Cambridge Digital Mining Industry Report

Producing closer to North America enables Canaan to reduce delivery times, better meet local demand, and navigate geopolitical or regulatory challenges. This approach also aligns with industry trends, as competitors like Bitmain and MicroBT are expanding their production capacities in the US.

Navigating US Tariffs and Compliance

Canaan’s US expansion is driven partly by the complex tariff environment. Currently, ASICs produced in Malaysia are subject to a 10% tariff when shipped to the US. Tariff uncertainty on components and raw materials further complicates cost planning.

To ensure long-term commercial viability, Canaan plans to optimise its cost structure, manage production expenses, and respond to evolving customer demand. The company also emphasised its commitment to aligning with US technology and security standards, addressing concerns over national security compliance.

This comes in the wake of incidents like the US Customs and Border Protection Agency halting Bitmain ASIC deliveries in 2024 due to alleged ties between a Chinese supplier and a US-sanctioned firm.

A Long-Term Vision for US Operations

Canaan sees its US pilot production as a stepping stone toward establishing a more robust North American presence. “This is not just a hedge against tariffs,” a company representative said, “but also a strategic investment in building resilience and responding to future market shifts.”

The company aims to refine its US operations, ensuring sustainable production costs and scalability. As geopolitical uncertainties persist, Canaan’s efforts to diversify its production base could position it as a leader in the Bitcoin mining hardware industry.

Focused on the Future

Canaan’s pivot to core crypto operations and expansion into US production highlights its commitment to long-term growth and resilience. By addressing regulatory challenges and refining its cost structure, the company is poised to strengthen its position in the competitive Bitcoin ASIC market while adapting to the evolving global landscape.