Online reports that an analyst at market-making firm Wintermute said companies are using their equity to follow MicroStrategy's example and add Bitcoin to their balance sheets, which could become a major trend in 2025. Jake Ostrovskis, an over-the-counter trader at Wintermute, said: "I think next year companies and those listed companies trying to gain exposure will be quite a driving force. You are likely to see small and medium-sized enterprises joining in." Ostrovskis also predicts that some companies will follow MicroStrategy's strategy for ETH. "It's probably just a matter of time until someone does the same thing and turns themselves into like an Ethereum investment tool, and then you'll become the MicroStrategy of that space," he said.