At Least 36 Public Firms to Add Bitcoin by Year-End: Blockware

Blockware Intelligence predicts that by the tip of 2025, a minimum of 36 extra public firms could have added Bitcoin to their stability sheets.

“That is just the start. Within the subsequent 6 months, we count on a minimum of three dozen extra public firms to add Bitcoin to their treasury,” Blockware said in its Q3 2025 market replace report. This may symbolize round a 25% improve from the present complete of 141 public firms holding Bitcoin (BTC), in accordance to the agency’s knowledge.

Public firm Bitcoin adoption surges 120% in 2025

The intelligence unit, which is the analysis arm of Bitcoin mining firm Blockware Options, reported that in 2025 alone, the variety of publicly traded firms holding Bitcoin on their stability sheets surged 120%. “Bitcoin Treasury Firms are the aforementioned ‘bridge’ connecting fairness and debt markets to Bitcoin,” the agency added.

According to BitcoinTreasuries.internet knowledge, Michael Saylor’s Technique leads the pack with 597,325 BTC, holding roughly 12 occasions greater than the second-largest holder, Bitcoin mining agency MARA Holdings, which has 50,000 BTC.

Nonetheless, Blockware stated that the rising variety of firms becoming a member of the ranks is both newly established or dealing with operational challenges.

“The company Bitcoin adoption race is usually being spearheaded by model new firms or dying firms you’ve by no means heard of.”

Blockware stated this isn’t essentially a destructive. “Firms with struggling core companies (low progress, dying markets) have a a lot simpler time recognizing the simplicity of investing retained earnings into BTC and incomes 40 to 60% CAGR with out the operational dangers of operating a enterprise,” Blockware stated.

Analyst warns firms contemplating Bitcoin

“The market is sending a powerful sign: securitized Bitcoin publicity is right here to keep,” the agency added.

Bitwise Asset Administration not too long ago reported that company curiosity in Bitcoin reached new highs within the second quarter of 2025, with firms including a report 159,107 BTC to their balance sheets.

Nonetheless, not everyone seems to be optimistic concerning the important variety of firms adopting Bitcoin.

Glassnode lead analyst James Verify not too long ago warned that the simple upside might already be behind new companies entering the space.

(*36*)Associated: Bitcoin price likely to hit $130K before serious profit taking kicks in

“My intuition is the Bitcoin treasury technique has a far shorter lifespan than most count on,” Verify said on July 4.

On June 29, enterprise capital agency Breed argued in a report that only a few Bitcoin treasury firms will stand the take a look at of time and keep away from the vicious “dying spiral” that may impression BTC holding firms that commerce shut to internet asset worth (NAV).

In the meantime, crypto dealer Saint Pump said in a put up on X that “I’m additionally fairly assured they’ll play a key position within the subsequent bear market.”

“The music stops when the NAV premium begins to slowly fall (and even flip destructive with ATMs), and raises turn out to be smaller or fail altogether,” the dealer added.

(*36*)Journal: China’s 100K TPS blockchain, Japan’s Minna Bank eyes Solana: Asia Express