Corporate treasury investments in Bitcoin (BTC) are on track to reach $330 billion by the end of 2029, according to a new report from brokerage firm Bernstein, published Monday.
The firm’s bullish outlook suggests that major corporate buyers, such as MicroStrategy (MSTR), could contribute a significant portion of this sum. MicroStrategy is expected to add an additional $124 billion in bitcoin purchases over the next five years, according to Bernstein’s projections. Last week, the company led by Michael Saylor revealed plans to raise $21 billion through an at-the-market common stock offering, specifically aimed at increasing its bitcoin holdings.
Bernstein analysts, led by Gautam Chhugani, attributed this accelerating corporate interest to the U.S.’s increasingly pro-crypto regulatory environment, which has spurred more businesses to adopt bitcoin as part of their treasury strategy.
In addition to MicroStrategy’s expected purchases, Bernstein anticipates that other public companies will contribute approximately $205 billion to bitcoin acquisition strategies. Many of these firms, particularly smaller ones with slower growth, are expected to follow MicroStrategy’s example in adopting a similar treasury model.
As of the report’s publication, public companies collectively hold about 720,000 BTC, or roughly 2.4% of the total bitcoin supply. While this represents a significant share of the market, the report notes that MicroStrategy’s scale remains difficult to replicate, and not all corporate treasuries will be able to successfully mirror the company’s approach.
Recently, MicroStrategy acquired an additional 1,895 bitcoins for $180.3 million, further reinforcing its commitment to expanding its bitcoin holdings.
