Bitcoin Magazine Are Bitcoin Treasury Companies Still a Smart Investment in 2025?

Bitcoin has recently set new all-time highs, yet many of the leading Bitcoin treasury companies have been underperforming significantly. Despite Bitcoin itself recently pushing well above $120,000, the share prices of firms such as (Micro)Strategy remain far from their peaks. Are these companies likely to see a sustained recovery, or has their period of outperformance already passed?

Table of Contents • Bitcoin Treasury Companies: Massive BTC Holdings in 2025 • Why Bitcoin Treasury Companies Are Underperforming in 2025 • Share Dilution’s Impact on Bitcoin Treasury Companies’ Stock Prices • Bitcoin Treasury Companies: NAV Premiums and Valuations in 2025 • Bitcoin Treasury Companies’ Future: Investm

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