Insight: Crypto Treasury Companies May See Consolidation Wave by 2026, Operations-Focused Enterprises Poised for M&A Advantage

BlockBeats News, March 1st, BTCS Chief Strategy Officer Wojciech Kaszycki stated that with the ongoing slump in the crypto market, crypto treasury companies in 2026 may usher in a wave of consolidation. Currently, many companies' stock prices have fallen below the Net Asset Value (NAV) of their held crypto assets, trading at a discount.

Kaszycki pointed out that treasury companies with actual operating businesses (such as blockchain validation services, providing public and private credit tools) have a cash flow advantage, making them more capable of acquiring companies that only hold crypto assets but lack operating income. He stated: "In this market, many companies trading below Net Asset Value are struggling. If consolidation takes place, sometimes '2+2' may equal 6, allowing for a quicker success."

Furthermore, he believes that Real World Asset (RWA) tokenization, especially the on-chainization of public and private credit assets, will significantly grow in the next 24 months. These tokenized credit instruments can serve as collateral in DeFi platforms for lending scenarios, becoming a potential revenue stream for treasury companies.

Currently, the world's largest Bitcoin treasury company, Strategy, also provides investors with credit-like and fixed income instruments, using this as a key argument for its inclusion in the MSCI index system.