Corporate Treasury Bitcoin Inflows Expected to Reach $330 Billion by 2029
Broker Bernstein projects corporate treasury purchases of bitcoin could reach $330 billion by 2029. Key points include:
- Strategy (MSTR) is expected to be the largest buyer, potentially acquiring an additional $124 billion.
- Strategy announced a $21 billion common stock offering to fund more bitcoin purchases.
- Analysts attribute growth in corporate bitcoin ownership to favorable U.S. regulatory conditions.
- Other public companies may invest around $205 billion in bitcoin, primarily smaller firms emulating Strategy's model.
- Public companies currently hold approximately 2.4% of the total bitcoin supply, equating to about 720,000 BTC.
- Strategy acquired 1,895 BTC last week for $180.3 million.