At the Bitcoin Asia Conference 2025 in Hong Kong, Blockstream CEO Adam Back made a bold prediction: in the future, most companies will hold Bitcoin as part of their corporate treasury.
According to Back, the smartest way for companies to keep pace with Bitcoin is to make it part of their strategy.
“The only way for a company to match or even outperform Bitcoin is to buy Bitcoin and use capital markets to increase Bitcoin per share, operate their core business, reinvest profits to buy more Bitcoin, and use additional profits to expand products and services.” “From that point of view, I think eventually, probably all companies will be Bitcoin treasury companies,” he added.
Corporate Adoption Accelerates
According to Bitwise, 28 new companies bought 140,600 BTC in July and August, which is about the same as a whole year’s supply of new Bitcoin. This shows how quickly businesses are adopting Bitcoin and adds to the bullish outlook.
Institutions and governments continue to stack Bitcoin. Data from Bitcointreasuries.net shows that publicly traded companies now hold close to 1 million BTC, led by MicroStrategy with over 632,000 BTC, followed by MARA Holdings and others.
Private companies together hold about 296,945 BTC, while government entities control 526,357 BTC.
Adam Back’s BSTR Gears Up for Nasdaq Debut
Adam Back’s Bitcoin Standard Treasury Company has also announced plans to go public by merging with Cantor Equity Partners I, a SPAC backed by Cantor Fitzgerald, in a deal with up to $1.5 billion in funding, the biggest ever for a Bitcoin treasury SPAC.
BSTR will launch with 30,021 Bitcoin on its balance sheet, making it the fourth-largest corporate Bitcoin holder. The company expects to begin trading on Nasdaq under the ticker “BSTR” after the deal closes, expected in Q4 2025.
How Corporate Treasuries Could Unlock Trillions
Back has previously said that companies like MicroStrategy are taking advantage of the gap between today’s fiat money and Bitcoin’s future potential. He says that this strategy could be highly profitable and scalable, worth trillions if widely adopted, and could allow most large publicly traded companies to hold Bitcoin in their treasuries, positioning them ahead of a future where Bitcoin becomes a dominant global currency.
With corporate adoption accelerating, Bitcoin is no longer just an asset; it’s becoming a foundation for the future of global finance.
