Over 50% of the companies that adopted bitcoin as a treasury asset in 2025 have suffered significant losses in the stock market.
According to data from Bitbo, all 43 companies that added bitcoin to their treasury in 2025 and are still publicly listed are reporting negative performance compared to the highs reached earlier this year.
The median drop from the annual highs among Bitcoin Treasury Companies stands at -52.4%. This means that more than half of the companies have lost over half of their market value in just a few months.
Twenty-three out of the 43 monitored companies — representing 53% of the sample — have posted losses exceeding 50% from their 2025 peaks.
An example of this decline is Cantor Equity Partners. The company peaked at $59.75 per share on May 1st, right after announcing the corporate merger that led to the creation of Twenty One, the entity led by Bitfinex, Tether, and Jack Mallers. Today, Cantor Equity Partners is trading at $28.31 per share on Nasdaq, marking a 52% drop from its yearly high.
The direct correlation between the price of bitcoin and the stock performance of these companies has proven to amplify both gains and losses.
