Bitcoin’s Big Year: Public Companies Rush to Invest

Blockware Intelligence has set its sights on a daring prediction: by the close of 2025, we’re prone to see not less than 36 more public firms adding Bitcoin to their balance sheets. If their crystal ball is true, this could be a big boost to the present count of 141 firms already holding Bitcoin (BTC).

The Bitcoin Gold Rush: A 120% Jump in 2025

According to Blockware’s latest market report from Q3 2025, they anticipate a wave of Bitcoin adoption amongst public firms over the following six months, with expectations that not less than three dozen will jump on the bandwagon. This surge represents a whopping 25% increase in publicly traded firms with Bitcoin holdings.

Blockware’s research arm, a part of Bitcoin mining company Blockware Solutions, highlighted a formidable 120% increase in 2025 alone. The firm describes these “Bitcoin Treasury Companies” as crucial bridges connecting traditional equity and debt markets with the world of Bitcoin.

Who Leads the Pack?

Michael Saylor’s Strategy leads the charge with a staggering 597,325 BTC, holding about 12 times greater than the next-largest holder, MARA Holdings, a Bitcoin mining firm with 50,000 BTC, as per BitcoinTreasuries.net.

In the past 30 days, there’s been a modest 2.43% increase in Bitcoin treasury holdings, in line with Bitcointreasuries.net. However, Blockware cautions that the newcomers are sometimes either startups or firms wrestling with operational hurdles.

“The corporate Bitcoin adoption race is mostly being spearheaded by brand new companies or dying companies you’ve never heard of,” Blockware notes, adding that this isn’t necessarily a foul thing. Companies with faltering core businesses might find it easier to see the worth in investing retained earnings into BTC, potentially pocketing a 40 to 60% compounded annual growth rate (CAGR) without the headaches of running a conventional business.

Warnings and Cautionary Tales

Bitwise Asset Management has highlighted a surge in corporate interest in Bitcoin, with a record 159,107 BTC added to company balance sheets in Q2 2025. But not everyone seems to be optimistic about this trend.

James Check, lead analyst at Glassnode, has sounded a note of caution. “My instinct is the Bitcoin treasury strategy has a far shorter lifespan than most expect,” he remarked on July 4.

Meanwhile, a report from enterprise capital firm Breed warns that only a number of of those Bitcoin treasury firms might endure in the long term, avoiding the dreaded “death spiral” that would hit firms trading near their net asset value (NAV).

Crypto trader Saint Pump chimed in on X, sharing his thoughts that these firms could play a pivotal role in the following bear market. “The music stops when the NAV premium starts to slowly fall (or even turn negative with ATMs), and raises become smaller or fail altogether,” he identified.