7 Dominant Crypto Strategies in 2025: BTC, ETH & SOL to Become Major Corporate Treasury Assets
Jakarta, Pintu News – The year 2025 saw a major shift in corporate cash management and cryptocurrency strategies, with companies across sectors building large treasuries with digital assets such as Bitcoin , Ethereum , and Solana .
Strategies pioneered by large Bitcoin holding companies like Strategy are spreading to other companies, showing corporate adoption of crypto treasury is now a formal financial policy rather than an experiment. This information is summarized based on a report from Decrypt that reviews the largest and most aggressive companies in digital asset treasury strategies through 2025.
1. Strategy (MSTR): Pioneer & Largest BTC Holder
Strategy (NASDAQ: MSTR), formerly MicroStrategy, became the most prominent example of a Bitcoin treasury strategy with large BTC holdings throughout 2025. The company bought thousands of Bitcoins through a combination of debt and equity, making it the largest BTC treasury among the public.
For example, Strategy raised capital through a $2 billion zero-coupon bond and bought tens of thousands of BTC at a higher average price in the market over 2025, expanding its exposure consistently. This approach paves the way for other companies to explore digital asset accumulation as part of balance sheet management.
Also Read: 7 XRP vs BNB Facts: Tight Competition for Top-3 Market-Watched Crypto Positions
2. Forward Industries: Treasury Solana (SOL) Largest
In addition to Bitcoin and Ethereum, treasury strategies in 2025 also extend to other assets such as Solana (SOL). The company Forward Industries became a big name in this category after shifting its focus to become the world’s largest Solana treasury holder.
The company managed to raise billions of dollars through private placements and allocated it almost entirely to buying SOL, showing that corporate treasury crypto is not just about Bitcoin but now also includes major altcoins as per the diversification strategy.
3. BitMine Immersion Technologies: Ethereum (ETH) Domination
BitMine Immersion Technologies, led by renowned crypto market figure Tom Lee, became the second-largest Ethereum treasury holder in the world after making a large purchase when the ETH market was down. The company bought hundreds of thousands of ETH as part of a long-term accumulation strategy.
As a result, BitMine now holds millions of ETH tokens, making it one of the most dominant treasuries outside of Bitcoin – showing that similar strategies are starting to implement other cryptocurrency assets that are considered strategic in corporate portfolios.
4. The Ether Machine: Yield-Based Ethereum Treasuries
The Ether Machine company differs from BitMine in that it doesn’t just buy and hold ETH; it also uses the asset in its yield strategy through DeFi channels. With capital raised in the hundreds of millions of dollars, the company holds tens of thousands of ETH and utilizes the asset to generate additional revenue.
This more active approach illustrates the evolution of treasury strategy-not just passive accumulation, but also asset management for greater efficiency and economic benefits in the evolving cryptocurrency market.
5. Metaplanet: Bitcoin Focus & Aggressive Targets
Metaplanet, a company listed on the Tokyo Exchange, is also undertaking a significant treasury strategy with hundreds of millions of dollars worth of Bitcoin purchases. Their BTC holdings put them in a prominent position in the global corporate treasury market.
The company has not only increased its BTC holdings but also set ambitious targets for future expansion, including plans to buy more Bitcoin and hold a large percentage of the total BTC supply available in the market.
6. Replication of Strategy Playbook across Sectors
The pattern of strategies developed by Strategy became a blueprint followed by other companies in different sectors, from technology to manufacturing. These strategies often involve raising capital through raising equity capital, issuing preferred shares, or bonds to buy large crypto assets.
Some analysts call this adoption an evolution of corporate balance sheet management where digital assets are viewed not only as stores of value but also as part of an integrated long-term investment portfolio.
7. Crypto Treasury Strategy Risk & Evaluation
Although corporate treasury crypto shows widespread adoption, some observers caution the risks that come with aggressive strategies – particularly if companies without a fundamental need hold large amounts of digital assets. Concerns arise when companies make large allocations without a clear strategic role in the crypto market, or when price volatility may pose balance sheet risks.
Several cases of companies reversing positions or selling digital assets to cover liabilities show that consistency of strategy and long-term conviction make the difference between those that succeed and those that are squeezed by market volatility.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
FAQ
What is a crypto treasury strategy?
A crypto treasury strategy is a corporate policy to keep digital assets such as BTC or ETH on a company’s balance sheet as part of reserves and long-term investments.
Which company will have the largest BTC treasury in 2025?
Strategy (MSTR) holds the largest Bitcoin treasury among public companies in 2025 with holdings of tens of thousands of BTC.
Is the treasury strategy only focused on Bitcoin?
No; in addition to Bitcoin, the company also built up a large treasury in Ethereum and Solana, demonstrating its diversification of cryptocurrency assets.
How do companies finance the purchase of crypto assets?
Companies often use capital raises, preferred stock issues, or bonds to raise capital for digital asset purchases.
What are the main risks of a crypto treasury strategy?
Key risks include price volatility, lack of fundamental need for digital assets, and liquidity risks that could affect companies’ balance sheets.
Reference:
Sam Reynolds/Decrypt. The Biggest Bitcoin and Crypto Treasury Plays of 2025. Accessed December 24, 2025.
