Bold Blockware Prediction: 36 More Public Companies Adding Bitcoin by Year-End

Are you tracking the growing trend of public companies adding Bitcoin to their financial reserves? A significant forecast suggests this movement is accelerating. Blockware Intelligence, the research division of Bitcoin mining firm Blockware Solutions, recently released a market update predicting a substantial increase in corporate Bitcoin adoption.

Blockware Prediction: More Public Companies Holding Bitcoin

Blockware Intelligence makes a bold prediction: by the close of 2025, they anticipate at least 36 additional public companies will have integrated Bitcoin into their balance sheets. This isn’t just a small increment; it represents roughly a 25% jump from the current count of 141 public companies already holding Bitcoin, according to Blockware’s data. Their Q3 2025 report states, “In the next 6 months, we expect at least three dozen more public companies to add Bitcoin to their treasury.” This suggests a continued momentum in the corporate Bitcoin treasury strategy.

Understanding the Corporate Bitcoin Adoption Trend

The intelligence unit highlights a significant surge in 2025. They report that in this year alone, the number of publicly traded companies holding Bitcoin on their balance sheets has jumped an impressive 120%. Blockware views these “Bitcoin Treasury Companies” as a vital connection, forming a “bridge” between traditional equity and debt markets and the world of Bitcoin.

Who are these companies leading the charge in Bitcoin adoption? Blockware notes an interesting pattern:

• Many are newly established companies.
• Others are existing companies facing operational or market challenges.

While some might see the latter point as negative, Blockware argues it’s not necessarily a drawback. Companies with struggling core businesses or those in declining markets may find it simpler to allocate retained earnings into Bitcoin, seeking potentially higher returns (like 40-60% CAGR cited by Blockware) without the operational complexities and risks associated with running their primary business.

Notable Bitcoin Balance Sheet Holders

While the list of public companies holding Bitcoin is growing, a few names stand out significantly. Data from BitcoinTreasuries.net shows MicroStrategy, led by Michael Saylor, remains the dominant player with a massive 597,325 BTC. This holding is approximately 12 times larger than the next biggest public company holder, Bitcoin mining firm MARA Holdings, which holds around 50,000 BTC. The overall trend shows increasing corporate interest, with a recent 2.43% uptick in Bitcoin treasury holdings over the past 30 days.

Challenges and Warnings for Corporate Bitcoin Treasury Strategies

Despite the positive outlook on increased Bitcoin adoption, not everyone views the trend without caution. While Bitwise Asset Management reported record corporate interest and significant BTC additions in Q2 2025 (159,107 BTC), some analysts offer warnings.

James Check, lead analyst at Glassnode, recently expressed skepticism about the longevity of the easy gains for new entrants. He suggested on July 4 that the “Bitcoin treasury strategy has a far shorter lifespan than most expect,” implying that the most straightforward upside might already be behind companies just now adopting the strategy.

Venture capital firm Breed echoed concerns in a June 29 report, arguing that only a select few Bitcoin treasury companies will truly succeed long-term. They warned of a potential “death spiral” for companies holding BTC that trade close to their net asset value (NAV), particularly when the premium over NAV begins to shrink or disappear, making capital raises more difficult or impossible. Crypto trader Saint Pump also commented on X, suggesting these companies could play a “key role in the next bear market” when the market dynamics shift.

Summary: The Growing, Yet Complex, Corporate Bitcoin Adoption Landscape

Blockware’s prediction points to a significant acceleration in public companies adding Bitcoin to their balance sheets by the end of 2025, driven by new and strategically adapting businesses. This surge in corporate Bitcoin treasury holdings is seen as a crucial bridge between traditional finance and the crypto market. However, alongside this growth comes important warnings from analysts about the potential challenges and risks for companies adopting this strategy, particularly regarding market cycles and valuation dynamics. The trend of corporate Bitcoin adoption is undeniable, but its long-term implications for individual companies remain a subject of ongoing discussion and analysis.