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Lifeline or final resort for difficult companies?


The Corporate Corporate Corporate to Treasury Management is growing rapidly. In the first half of 2025, the tally of public companies holding BTC was almost double, according to a report from K33 research.

K33 revealed that between December 2024 and June 2025, the number of listed companies with Bitcoin (Btc) On their balance sheets climb from 70 to 134, gaining a total of 244,991 BTC.

The trend is the drawing of comparisons to the preceding waves of gold gold adoption. “There are obvious similarities, especially around providing a way for investors to access a underlying owner that they may have previously worked hard to access,” Mike Foy, chief financial officer with the Bank, told Cointelegraph.

Foy said the maintenance of the movement depends on the details of the market and environmental regulations. “Time will say if it becomes a sustainable trend, but it is clear that the approach has the first advantage to mover,” he said, adding that companies to constituents with limited access to institutional crypto products stand to benefit.

Top 10 Bitocin Treasury Firms. Source: bitcointreasuries.net

Related: Monster Week for Crypto Treasury Firms with $ 8B Buying Blitz

Crypto Treasury: Lifeline or Last Resort?

Noteworthy, the treasury treasury of crypto also puts a doubt that difficult companies can use digital assets as a reputational lifeline. Foy acknowledged that temptation exists for companies under pressure.

Last month, the Biotech firm Windtree Therapeutics revealed a $ 60 million purchase agreement with Build and Build Corp. To start the BNB Treasury plan, followed by a $ 500 million credit line and a $ 20 million stock-buying PACT to expand its holdings.

The company was briefly satisfied with a strengthening in mid -July when it announced the approach to the BNB treasury, but shares have been from more than 90% from their climax.

On Tuesday, the Nasdaq announced the The biotech firm will be removed For failing to maintain the $ 1.00 minimum bid price required under the Rule 5550 (A) list (2).

Foy suggested to evaluate their behavior to see companies using the Crypto Treasury for short-term optics. He advised the expertise in the risk of management management, action levels, focus on basic business and insider -sharing sales.

“If any of these seems strange or unusual, then it is possibly a sign that this is not a long -term plan but rather a short term playing the price of sharing,” he said.

Related: Altcoin Treasury Race: Tons of Tonage Company announces $ 780m to Assets

Companies test ether, altcoins in treasures

While Bitcoin remains dominant choice for treasuresCompanies begin to experiment with ether (Eth) and selected altcoins. The difference, according to Foy, lies in potential rewards and new opportunities in working with blockchain foundations.

Last month, Ray YouSsef, CEO of Noes, said Ethereum said Hybrid Appeal draws Treasury managers. “The Ethereum is beginning to look like a hybrid between equity equity and digital currency. This appeal to strategic treasury looking for more than passive storage,” he said.