Bitcoin News Today: Bitcoin Treasuries Reshape Finance as Firms Defy USD Norms

The corporate adoption of Bitcoin as a treasury asset is reshaping global financial dynamics, with over 278 publicly traded companies now holding Bitcoin on their balance sheets, a 120% increase from earlier in 202535 Public Firms hold 1,000 BTC, Corporate Bitcoin^[7]. This trend, driven by firms like Strategy (formerly MicroStrategy), Metaplanet, and Nakamoto, reflects a strategic shift toward digital assets as a hedge against inflation and a challenge to traditional USD-centric modelsThe Bitcoin Corporate Treasury Playbook -For Financial …^[1]. Strategy, which rebranded in 2025 to emphasize its Bitcoin-focused strategy, holds 580,250 BTC, valued at $64 billion, and has become a benchmark for corporate Bitcoin treasuriesTop 10 Bitcoin Treasury Companies in 2025^[4]. The firm's disciplined capital approach-leveraging equity offerings and low-interest convertible notes-has allowed it to maintain a stock price trading at a 1.7-2.0x multiple of its Bitcoin net asset value (NAV), signaling sustained investor confidenceThe Bitcoin Treasury Model Faces Collapse — Strategy …^[3].

The proliferation of Bitcoin treasuries is not limited to a few pioneers. Over 35 public companies now hold at least 1,000 BTC, with total corporate holdings surpassing 796,000 BTC, or $84 billionTop 10 Bitcoin Treasury Companies in 2025^[4]. This growth is fueled by institutional demand, regulatory clarity, and improved liquidity in spot ETF markets. Firms in diverse sectors-from fintech (Méliuz, DigiAsia) to mining (Marathon Digital, Riot Platforms)-are integrating Bitcoin into their balance sheets, often to offset fiat currency depreciation or to diversify revenue streamsThe Rise of Corporate Bitcoin Treasuries: Major Holders and …^[2]. For example, Metaplanet, Japan's largest publicly traded Bitcoin holder, aims to accumulate 10,000 BTC by year-end, while Méliuz in Brazil uses Bitcoin to enhance shareholder valueTop 10 Bitcoin Treasury Companies in 2025^[4].

However, the model is not without risks. A "NAV death spiral" looms if a company's stock price falls below its Bitcoin NAV, triggering forced sales that could exacerbate market downturnsThe Bitcoin Treasury Model Faces Collapse — Strategy …^[3]. Breed VC warns that weaker players, particularly those with high leverage or poor governance, may collapse or consolidate, leaving only the most disciplined operators like Strategy as benchmarksThe Bitcoin Treasury Model Faces Collapse — Strategy …^[3]. Yet, the current reliance on equity financing-rather than debt-has mitigated contagion risks, as shareholder dilution is more tolerable than systemic failuresThe Bitcoin Treasury Model Faces Collapse — Strategy …^[3].

The geopolitical and macroeconomic context further underscores Bitcoin's rising role. With over $116 billion in corporate Bitcoin holdings and spot ETFs adding 213,000 BTC in Q4 2024, the asset's institutionalization is acceleratingBitcoin Price Prediction: Indicator Points to $200K by End of 2025^[6]. Analysts at Blockware predict another 36 public companies will adopt Bitcoin treasuries by year-end, a 25% increase from the current 141 firmsCorporate Bitcoin Adoption Set to Skyrocket by End of 2025, Says …^[8]. This shift is partly driven by regulatory developments, such as the U.S. approval of spot ETFs, which have normalized Bitcoin allocation for advisors and pension fundsThe Rise of Corporate Bitcoin Treasuries: Major Holders and …^[2]. Meanwhile, geopolitical tensions and monetary policy uncertainty have pushed firms to seek alternatives to traditional reservesBitcoin Price Analysis 2025: Bitcoin Geopolitics To Boost BTC USD^[5].

Despite these advancements, volatility remains a hurdle. Bitcoin's price fluctuates significantly, with recent analysis indicating a critical support level at $77,000. A break below this could trigger a bearish phase, while a rebound above $90,000 might propel the asset toward $120,000 by year-endBitcoin Price Analysis 2025: Bitcoin Geopolitics To Boost BTC USD^[5]. Yet, corporate treasuries are designed to withstand such swings through strategies like hedging, active management (e.g., lending or derivatives trading), and disciplined capital allocationThe Bitcoin Corporate Treasury Playbook -For Financial …^[1]. For instance, MARA Holdings has partnered with Two Prime to generate yield via derivatives, while Nakamoto explores jurisdictional arbitrage to access foreign capital marketsThe Bitcoin Corporate Treasury Playbook -For Financial …^[1].

The long-term implications for USD dominance are profound. As corporations increasingly denominate liquidity in Bitcoin, the dollar's role as the primary reserve asset faces erosion. This trend is amplified by the maturation of derivatives markets, which allow institutional investors to hedge exposure while maintaining upside potentialThe Bitcoin Corporate Treasury Playbook -For Financial …^[1]. While USD remains the dominant currency, the rise of Bitcoin treasuries signals a paradigm shift toward decentralized, supply-capped assets as a cornerstone of corporate finance.