Once it is seen as marginal experiences, Treasury Bitcoin companies are now key players in the digital asset market. Like pioneers such as Microstrategy, these bitcoin companies accumulate on their public budgets, and the interference between operating companies and investment funds in encryption.
Also, momentum has accelerated in recent months in Asia, has caught the attention of investors, organizers and corporate councils. The main question is whether the cabinet can survive in the height of organizational scrutiny or collapse under the risk of installation.
Treasury companies have grown from Bitcoin from 70 to 134 this year
Why do it matterBitcoin has already entered the main current to finance companies. In the first half of 2025, the number of public companies carrying BTC doubled. according to K33 search, The number of public companies with bitcoin bonds increased from 70 to 134 between December 2024 and June 2025, and got 244,991 BTC. It seems that eight Japanese companies adopted the strategy, indicating that Asia has moved from passers -by to active participants. This rapid expansion raises basic questions about censorship, stability and survival.
The latest developments: The titles of the last newspapers highlight the role of Asia. Financial times I mentioned The American Bitcoin, an American mine, is supported by Donald Trump Junior and Eric Trump, exploring acquisitions in Japan and Hong Kong. Objective: Building Asian versions of Treasury companies similar to Microstrategy. This may be an opportunity for Asia markets to gain exposure to a new class of assets, but without organizational handrails, the risks of volatility and instability.
At the same time, Asia and Pacific Cooperation (APEC) The digital statement and the ministerial AI issued in July 2025. The leaders pledged from 21 member economies to enhance confidence and safety in digital ecosystems. While the statement did not mention the treasury companies specifically, it stressed the need for strong policy frameworks on emerging digital financing models. APEC’s direction indicates a trend towards closer supervision of companies that now maintain thousands of BTC on their public budgets.
What is the treasury companies
background: As explained before Bitmex BlogTreasury companies usually sign consultative agreements with specialized managers, capital education in public markets, and publish revenues in Bitcoin. They prepare BTC without asking investors to manage nursery or trading. This calls on institutions and retailers, but it creates risks, as the criteria for benefiting from treatment, accounting treatment and widespread governance standards vary.
Microstrategy was a pioneer in the strategy in 2020, when BTC framing first as an inflation, and later developed into a dedicated treasury company. Tesla briefly followed, while Metaplanet adopted the model in 2023. Today, dozens of MicroCaps Worldwide launched similar strategies. Amina Group Estimates Public companies have approximately 962,000 BTC, at a value of more than $ 110 billion.
Is the bitcoin treasury dangerous? how?
Deeper analysisThe encryption market reached nearly $ 4 trillion in July 2025. Bloomberg AttribUted growth to organizational progress and investor optimism. However, Reuters confirmed that retail sale is still dominating the investment funds circulating in Bitcoin and commercial activity, while institutional participation grows.
Beincrypto reported that public companies have accelerated the Bitcoin acquisitions in 2025, and often funded by shares and debt. This raised the price of BTC and the stock evaluation in the bull race. However, experts warn that the same strategies may turn into danger in the recession period. The strong dependence on the convertible debt, with a ripening wall worth $ 12.8 billion by 2028, displays companies such as Microstrategy and Marchhon Digital for risk reintegration.
Analysts note that when debt rates exceed 30 %, even a 20 % decrease in bitcoin can lead to failure to pay. Some institutions add discipline and long prospects, but beincrypto highlighted that the pressure of shareholders and quarterly results may force these companies to sell in the bear markets, which inflates fluctuations.
Another layer of risk lies in NAV net value installments (NAV) Where many treasury companies are trading. Galaxy Research It was explained in July 2025 Companies shares such as metaplanet and Blockchain group are traded with a rate of 200-300 % higher than the value per share in BTC. Investors pay these installments for bitcoin and access to capital raising engines such as market stock programs (ATM).
This allows companies to issue stocks at prevailing prices, buy more BTC, and still grow BTC per share, creating a self -reinforcement loop. Microstrategy, which has been renamed as a strategy, has mastered this playing book, and has collected billions of dollars since 2020 to honor nearly 600,000 BTC.
The danger comes if the insurance premiums collapsed. If the shares of the company are trading near NAV, the new shares version no longer enhances BTC per share but reduces them. You are Matthew Solim male“Once trading in NAV, the contributors to reduce strategically. It is extracted.”
This course – supports capitalism that supports capital, which funds BTC purchases, which enhance the narration – can quickly collapse. If the assessments are slipped to NAV or less, the capital dries, growth kiosks, and the narrative that weakens insurance installments. Currently, Treasury companies benefit from the investor’s enthusiasm. However, the sustainability of the model depends on financial discipline, transparency and the ability to grow BTC per share instead of collecting more coins.
Its effect will not be small
backstageMotivates to join the mutation vary. Some Bitcoin companies see as a way to take advantage of the capital market. The American Bitcoin Entrance to Asia explains how political influence in the United States intersects with financial centers that yearn for new products. Others, especially Microcaps, use the “cabinet” sign to attract speculative investors. The organizers see uncomfortable echoes for the previous bubbles in this mix of noise and leverage.
APEC economies also differ in their appetite for risks. Japan and Singapore confirm compliance and transparency. Hong Kong is a strict gateway between the main righteousness and global markets. Southeast Asian economies are still more experimental, leaving the location of treasury companies to work in the regulatory gray areas.
Wider effect: If the treasury companies in Asia succeed, their impact can extend across industries. Companies can access new financing channels, where a public budget works like a semi -ETFS. Traditional banks may face competitive pressure as companies exceed traditional markets. However, volatility may lead to confidence erosion if the stock prices are far from the basic value of bitcoin.
For ordinary investors, the listed treasury companies means indirect exposure to Bitcoin. Employees may find their stock compensation linked to BTC courses, linking family financing to encryption fluctuations.
Basic facts:
- Bitcoin Treasury companies doubled in H1 2025, from 70 to 134.
- Collectively, they purchased 244,991 BTC in that period.
- Eight Japanese companies, along with dozens in North America and Europe, are now carrying BTC on the public budget.
- Amina Group Estimates of 962,000 BTC estimates by public companies, at a value of more than $ 110 billion.
- Your father “Trust and Safety” emphasized in digital ecosystems.
It may encourage excessive risks
We look forwardSubsequent ministerial meetings of APEC may address Treasury companies directly. Organizers in Japan and Singapore are expected to explain accounting standards and investor protection. Hong Kong is likely to expand the requirements for new lists. Meanwhile, Beincrypto recently noted that Japanese companies differ: Remixpoint has expanded BTC’s holdings, while creating the value of the entire value came out. These differences highlight the diversity of strategies in Asia and the uncertainty about the approach that will prevail.
Historical perspectiveMicrostrategy in 2020, the first wave, followed by Tesla. The moment of Asia came with metaplanet in 2023. By 2025, the scale rose in earlier stages: twice the number of companies, hundreds of thousands of bitcoin, and high debate to ministerial levels. However, the risks still remind us of a bubble that relies on retail for 2021, as the basic price momentum was immersed.
Risk:
- Acute BTC price declines can harm public budgets.
- It may lead to overcoming companies to insolvency.
- The disparate stock assessments of NAV may harm retail investors.
- The blind “Silor” – Microstrategy’s copies without discipline – risk opposite results.
The opinion of the experts: the Bitmex Blog It warns of structural conflicts, “Consulting agreements can create a conflict of interests, as managers may gain fees regardless of the results, which encourages the excessive term of risks.”
Matthew Segel, head of the Vaneck digital asset research, noticed, “Bitcoin’s treasury companies may accelerate volatility by behaving as forced sellers in decline, and huge price courses.”
Beincrypto told the potential risks of these companies in their analysis in August, “Bitcoin Treasury companies have already shown their ability to operate sales in the wider market, and shake confidence in the marketing markets,” Beincrypto told the potential risks of these companies in their analysis in August.
These ideas emphasize the dilemma: Treasury companies can accelerate adoption and open capital markets to bitcoin, but they also amplify the risks. For expatriates in Asia, staying on staying on whether the list is developing quickly to contain risks while allowing innovation to prosper.
The publication Why does the Ministry of Treasury acquire a popular Bitcoin in Asia? He first appeared on Beincrypto.
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2025-08-19 01:05:00
