According to a recent research report by broker Bernstein, corporate treasury investments in Bitcoin (BTC) could reach an impressive $330 billion by the end of 2029. This projection highlights the growing acceptance and strategic adoption of cryptocurrencies among corporations as a vital asset class.
Among the notable players in this emerging trend is Strategy (MSTR), which is expected to be the largest buyer of Bitcoin with an anticipated additional allocation of $124 billion, as outlined in Bernstein’s bull case scenario. The company, led by Michael Saylor, has been at the forefront of Bitcoin acquisitions and recently announced a substantial at-the-market common stock offering amounting to $21 billion, aimed at expanding its Bitcoin holdings even further.
The report elucidates the transformative impact of the U.S.’s pro-crypto regulatory environment, which analysts led by Gautam Chhugani believe has accelerated the trend of corporate ownership of Bitcoin. Bernstein anticipates that other publicly listed companies will collectively allocate approximately $205 billion towards Bitcoin acquisition strategies, particularly among smaller firms that are keen to emulate Strategy’s treasury model.
Currently, public companies account for around 2.4% of the total Bitcoin supply, translating to roughly 720,000 BTC held on their balance sheets. However, the report also cautions that Strategy’s scale and investment strategy are difficult to replicate, suggesting that not all companies pursuing a similar Bitcoin treasury strategy will achieve the same level of success.
In a notable recent transaction, Strategy added 1,895 Bitcoin to its portfolio for $180.3 million, bringing its total holdings to 555,450 BTC. This continuous commitment to acquiring Bitcoin underscores the company’s belief in the long-term value and utility of the cryptocurrency as part of its financial strategy.
Read more: Michael Saylor’s Strategy Adds 1,895 Bitcoin, Bringing Company Stack to 555,450 BTC
