Blockware Intelligence predicts that by the end of 2025, 36 more public companies will have added Bitcoin to their balance sheets, representing a 25% increase from the current total of 141 companies holding Bitcoin. In 2025, there was a 120% surge in public companies adopting Bitcoin, with Michael Saylor’s Strategy leading the pack with 597,325 BTC.

Over the past 30 days, there has been a 2.43% increase in Bitcoin treasury holdings. However, Blockware noted that the companies joining the trend are either newly established or facing operational challenges. Analysts warn that the easy upside for new Bitcoin treasury firms may be behind them, as corporate interest in Bitcoin reaches new highs.

Not everyone is optimistic about the increasing number of companies adopting Bitcoin. Glassnode lead analyst James Check warned that the easy upside may be behind new companies entering the space. Venture capital firm Breed argued that only a few Bitcoin treasury companies will survive the “death spiral,” while crypto trader Saint Pump believes they will play a key role in the next bear market.

Read more at Cointelegraph: At Least 36 Public Firms to Add Bitcoin by Year-End: Blockware