Corporate interest in Bitcoin is showing no signs of slowing, with Blockware Intelligence projecting that at least 36 more publicly traded companies will add BTC to their balance sheets before 2025 ends. If accurate, the move would mark a 25% jump from the current 141 firms with Bitcoin holdings.
In its Q3 2025 market outlook, Blockware described the trend as the early stages of a long-term shift, noting that Bitcoin treasury adoption is becoming a strategic bridge between equity markets and crypto exposure. So far this year, the number of public companies holding BTC has more than doubled, rising by 120%.
While market leaders like Strategy and MARA Holdings dominate with massive holdings—597,325 BTC and 50,000 BTC respectively—many new entrants are smaller players or struggling firms seeking alternatives to declining core businesses.
According to Blockware, this may be less of a weakness and more of a practical pivot: “Companies in dying sectors often recognize the simplicity and returns of Bitcoin exposure more easily than those tied up in high-risk operations.”
Still, not everyone is convinced this wave of adoption will end well. Glassnode’s James Check warned that the window for easy gains may be closing, suggesting the Bitcoin treasury play might not have the long-term upside many expect. Similar caution came from Breed VC, which warned that many firms chasing BTC exposure could enter a “death spiral” if trading prices fall near or below their net asset value.
Despite the risks, the numbers are growing. Bitwise reports that corporate BTC holdings surged by over 159,000 BTC in Q2 alone, and sentiment from traders like Saint Pump suggests these treasury-heavy companies may play a pivotal role in future market cycles—particularly when pressure builds during the next downturn.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/corporate-bitcoin-adoption-set-to-skyrocket-by-end-of-2025-says-blockware/