Bitcoin headed for 36 more public companies by year-end: Blockware

Blockware Intelligence predicts that by the extremity of 2025, astatine slightest 36 much nationalist companies volition person added Bitcoin to their equilibrium sheets.

“This is conscionable the beginning. In the adjacent 6 months, we expect astatine slightest 3 twelve much nationalist companies to adhd Bitcoin to their treasury,” Blockware said successful its Q3 2025 marketplace update report. This would correspond astir a 25% summation from the existent full of 141 nationalist companies holding Bitcoin (BTC), according to the firm’s data.

2025 sees a 120% surge successful nationalist companies adopting Bitcoin

The quality unit, which is the probe limb of Blockware Solutions, a Bitcoin mining company, reported that successful 2025 alone, the fig of publically traded companies holding Bitcoin connected their equilibrium sheets surged 120%. “Bitcoin Treasury Companies are the aforementioned ‘bridge’ connecting equity and indebtedness markets to Bitcoin,” the steadfast added.

According to BitcoinTreasuries.net data, Michael Saylor’s Strategy leads the battalion with 597,325 BTC, holding astir 12 times much than the second-largest holder, Bitcoin mining steadfast MARA Holdings, which has 50,000 BTC.

Over the past 30 days determination has been a 2.43% uptick successful Bitcoin treasury holdings. Source: Bitcointreasuries.net

However, Blockware said that the expanding fig of companies joining the ranks is either recently established oregon facing operational challenges.

“The firm Bitcoin adoption contention is mostly being spearheaded by marque caller companies oregon dying companies you’ve ne'er heard of.”

Blockware said this isn’t needfully a negative. “Companies with struggling halfway businesses (low growth, dying markets) person a overmuch easier clip recognizing the simplicity of investing retained net into BTC and earning 40 to 60% CAGR without the operational risks of moving a business,” Blockware said.

Analyst’s caller informing for caller Bitcoin treasury firms

“The marketplace is sending a beardown signal: securitized Bitcoin vulnerability is present to stay,” the steadfast added.

Bitwise Asset Management precocious reported that firm involvement successful Bitcoin reached caller highs successful the 2nd 4th of 2025, with companies adding a grounds 159,107 BTC to their equilibrium sheets.

However, not everyone is optimistic astir the important fig of companies adopting Bitcoin.

Glassnode pb expert James Check precocious warned that the casual upside whitethorn already beryllium down caller companies entering the space.

Related: Bitcoin terms apt to deed $130K earlier superior nett taking kicks in

“My instinct is the Bitcoin treasury strategy has a acold shorter lifespan than astir expect,” Check said connected July 4.

On June 29, task superior steadfast Breed argued successful a report that lone a fewer Bitcoin treasury companies volition basal the trial of clip and debar the vicious “death spiral” that volition interaction BTC holding companies that commercialized adjacent to nett plus worth (NAV).

Meanwhile, crypto trader Saint Pump said successful a station connected X that “I’m besides beauteous assured they’ll play a cardinal relation successful the adjacent carnivore market.”

“The euphony stops erstwhile the NAV premium starts to dilatory autumn (or adjacent crook antagonistic with ATMs), and raises go smaller oregon neglect altogether,” the trader added.

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