Bitcoin Adoption by Public Companies May Increase by 25% by 2025 Amid Mixed Market Outlook

Key Points

1. 2025 saw a 120% increase in publicly traded companies holding Bitcoin on their balance sheets, with Blockware forecasting 36 more firms would adopt Bitcoin treasuries.

2. Michael Saylor’s Strategy remains the largest Bitcoin holder with over 597,000 BTC, far exceeding the second-largest holder, MARA Holdings, which holds around 50,000 BTC.

3. New entrants and operationally challenged firms accounted for 40% to 60% of Bitcoin adoption, bypassing traditional business complexities.

4. Analysts like James Check of Glassnode expressed skepticism about the long-term viability of Bitcoin treasury strategies, warning of diminishing returns for new entrants.

5. Crypto trader Saint Pump highlighted the vulnerability of Bitcoin treasury companies during market downturns, emphasizing risks tied to net asset value (NAV) dynamics.