Blockware Intelligence predicts that by the end of 2025, at least 36 more public companies will add bitcoin to their balance sheets.
“It’s just the beginning. In the next 6 months, we expect at least three dozen more public companies to add Bitcoin to their ark,” blockware Says In the Q3 2025 report update. This represents around a 25% increase from the current sum of 141 public companies holding Bitcoin (Btc), according to company data.
A 120% advances in public companies have found 2025 adopting Bitcoin
The Intelligence Unit, which is the Research arm of Blockware Solutions, a Bitcoin mining company, reported that in 2025, the number of companies that were publicly exchanged with Bitcoin holding their balance sheets advanced 120%. “Bitcoin treasury companies are the aforementioned ‘bridge’ that connects equity and debt markets to bitcoin,” the firm added.
According to In Bitcointreasuries.net data, Michael Saylor’s approach leads to the pack with 597,325 BTC, holding approximately 12 times more than the second largest holder, the Bitcoin mining firm Mara Holdings, with 50,000 BTC.
However, the blockware said the increasing number of companies joining the rankings was either newly established or faced with operational challenges.
“The breed of corporate bitcoin is often led by new companies or dying companies that you have never heard of.”
The blockware said it was not necessary negative. “Companies with difficult basic businesses (low growth, dying market) have an easier time to recognize the simplicity of investment that has been maintained at BTC and earn 40 to 60% CAGR without the risks of running a business operation,” Blockware said.
Recent Analyst warning for new Bitcoin Treasury companies
“The market sends a strong signal: Securitized Bitcoin exposure is here to stay,” the firm added.
Bitwise Asset Management has recently reported that the interest of the corporation in Bitcoin reached new highs in the second quarter of 2025, with companies adding a note of 159,107 Btc on their balance sheets.
However, not all are optimistic about the significant number of companies that adopt Bitcoin.
Glassnode Lead Analyst James Check recently warned that easy upside down may be behind the new Companies that enter into space.
Related: Bitcoin’s price is likely to hit $ 130k before serious income to getting kicks
“My instinct is that Bitcoin’s treasury approach is a shorter life than expected,” check Says On July 4.
On June 29th, venture capital firm Breed argued with a Report that Bitcoin’s Treasury is small Companies will stand to the test of time and prevent the vicious “spiral death” that will affect BTC holding companies that trade near the net asset (NAV) value.
Meanwhile, crypto businessman Saint Pump Says In an X post that “I’m also a bit confident that they play a key role in the next bear market.”
“The music stops when the NAV premium starts to slowly fall (or become negative to ATMs), and the increases become smaller or fails altogether,” the businessman added.
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