## Corporate Crypto Treasuries: How 2025 Reshaped Digital Asset Balance Sheets
The year 2025 witnessed an unprecedented transformation in how corporations approach cryptocurrency holdings. What began as Michael Saylor's bold Strategy Bitcoin acquisition strategy in 2020—when the company purchased its first BTC at $14.44—has evolved into a widespread institutional playbook. By 2025, this blueprint had spread across multiple sectors and geographies, with firms deploying billions through debt, equity, and innovative preferred share structures.
The landscape shifted dramatically as companies disco