Corporate Bitcoin Investments to Reach $330 Billion by 2029

Corporate treasury investments in bitcoin (BTC) are projected to surge to $330 billion by the end of 2029, according to a research report released by broker Bernstein. This significant influx is anticipated to be driven by the favorable regulatory environment in the U.S. for cryptocurrencies, which has accelerated the adoption of bitcoin by corporations.

Strategy, led by Michael Saylor, is expected to be the largest contributor to this trend, with an estimated additional $124 billion in bitcoin acquisitions. The company recently announced a $21 billion at-the-market common stock offering to fund further bitcoin purchases, underscoring its commitment to the cryptocurrency.

According to the report, other listed companies are also expected to allocate around $205 billion to bitcoin acquisition strategies. This trend is likely to be led by smaller firms with lower growth prospects, which are looking to emulate Strategy's treasury model. Currently, public companies collectively own approximately 2.4% of the total bitcoin supply, equivalent to about 720,000 BTC on their balance sheets.

However, the report also notes that Strategy's scale and success are difficult to replicate. Not every company attempting to follow Strategy's playbook will achieve the same level of success in their bitcoin treasury strategies. Despite this, Strategy recently acquired an additional 1,895 bitcoin for $180.3 million, further solidifying its position as a leader in corporate bitcoin investments.