Bitcoin Treasuries Must Evolve to Survive Market Downturns

[madtrader]

The number of companies holding Bitcoin as part of their digital asset treasury strategy more than doubled in 2025, but experts warn many may not survive the next market downturn.

Ryan Chow, co-founder of Solv Protocol, said Bitcoin treasuries can’t rely on price appreciation alone. “Those that do will be the ones that treat their Bitcoin holdings as part of a broader yield strategy rather than a temporary store of value,” he said.

Treasuries that thrived this year were those generating sustainable yield on-chain or using collateralized assets for liquidity during drawdowns. In contrast, firms relying solely on accumulation without a structured treasury framework struggled to cover business costs.

“Treasury models need to evolve from speculative to structured financial management,” Chow added, urging companies to actively manage digital capital within transparent, yield-generating systems.

[bonk]

its a hard world, wild west