Corporations Could Pour $330B Into Bitcoin Treasuries by 2030, Says Bernstein

A new projection by research and brokerage firm Bernstein suggests that corporations could collectively allocate as much as $330 billion into Bitcoin by 2029. According to a detailed note shared by Matthew Sigel, Head of Digital Assets Research at VanEck, Bernstein analysts believe this surge will primarily be driven by public companies emulating MicroStrategy’s Bitcoin treasury strategy. Bernstein: “We expect ~$330Bn corporate treasury led inflows to Bitcoin by 2029E. Over the next 5 years (CY25E-29E), we expect listed corporates to allocate ~$205Bn capital for Bitcoin acquisition, led by small-low growth companies, trying to emulate MSTR’s Bitcoin treasury… pic.twitter.com/RPgXkLG1Gt — matthew sigel, recovering CFA (@matthew_sigel) May 5, 2025 These firms, particularly small-cap, low-growth companies flush with cash, are seeking alternative growth paths amid stagnating business fundamentals. Bernstein forecasts that listed corporations will spearhead $205 billion of this potential capital infusion over the next five years, from calendar year 2025 through 2029. In a bullish scenario, Bernstein estimates an additional $124 billion in inflows could come from MicroStrategy (rebranded as Strategy) itself, particularly after the firm’s recent announcement that it has doubled its capital raise plans from $42 billion to $84 billion through 2027, of which 32% has already been completed. The motivation for such aggressive treasury diversification is that many companies with large cash reserves and few viable reinvestment options see Bitcoin as a hedge and a path to value creation. “There is no visible road ahead for them for value creation,” Bernstein analysts noted. “The success of the MSTR model offers them a rare growth path.” The Bernstein note also highlighted that firms holding over $100 million in cash could contribute around $190 billion of the projected inflow. Even under conservative estimates, high-growth small firms might inject $11 billion into Bitcoin by 2026, and at least $5 billion could stem from just ten large corporations by 2027. However, Bernstein cautioned that the Strategy model isn’t universally replicable. Its efficacy is closely tied to Bitcoin’s price performance, and not all firms have the risk appetite or capital access to engage at the same scale. MicroStrategy and the VanEck Effect: Corporate Accumulation Accelerates Michael Saylor’s Strategy remains the most high-profile corporate case study in Bitcoin accumulation. On May 5, the firm purchased an additional 1,895 BTC for over $180 million , bringing its total Bitcoin holdings to a staggering 555,450 BTC. @Strategy continues its aggressive bitcoin acquisition strategy with the latest purchase of 1,895 BTC for approx $180.3 million. #MSTR #Bitcoin https://t.co/hInTpnDniN — Cryptonews.com (@cryptonews) May 5, 2025 That cache is worth roughly $52.5 billion at current market prices, with an average purchase price of $68,569 per BTC. According to the Saylor Tracker , Strategy’s Bitcoin bet has yielded nearly $14 billion in unrealized profit, amounting to a 38% gain. This performance has not gone unnoticed by investors. Strategy’s share price has soared 97% since the start of the year , outperforming even Bitcoin, which has remained relatively flat. @Strategy (MSTR) jumps 32% in April, fueled by $1.9B Bitcoin buys and BTC optimism ahead of Q1 earnings report. #Bitcoin #MSTR https://t.co/QWMe6IMoOF — Cryptonews.com (@cryptonews) May 1, 2025 BitBO data further illustrates the growing institutional interest, showing that public companies now collectively hold more than 723,000 BTC worth over $68 billion. Source: BitBo Other significant holders include mining firms like Marathon Digital, Riot Platforms, and CleanSpark. Additionally, a new joint venture, 21 Capital, launched by Softbank, Tether, and Cantor Fitzgerald, aims to purchase $3 billion worth of Bitcoin . Cantor Fitzgerald is reportedly eyeing a multibillion-dollar Bitcoin acquisition vehicle with SoftBank, Tether and Bitfinex as institutional interest heats up under Trump. #TradFi #Cantor https://t.co/r9bNZYTJa7 — Cryptonews.com (@cryptonews) April 23, 2025 VanEck’s April 2025 Digital Assets Monthly report added further momentum to this narrative. The asset manager observed that Bitcoin briefly outperformed equities amid a turbulent market environment triggered by geopolitical tensions and former President Donald Trump’s tariff announcement. While traditional assets like the S&P 500 and gold slumped, Bitcoin surged from $81,500 to over $84,500, indicating a possible shift in investor perception of BTC as a macro hedge. Although Bitcoin’s correlation with equities reasserted itself by the end of April, rising from under 0.25 to 0.55, VanEck identified structural tailwinds favoring its future decoupling. Sovereign and institutional interest in Bitcoin as an uncorrelated, store-of-value asset is growing. VanEck cited examples such as Venezuela and Russia using Bitcoin for international trade as early signs of this trend. Still, the broader crypto market remains shaky. While Bitcoin gained 13% in April, altcoins, including Ethereum and various meme coins, continued to falter. The MarketVector Meme Coin Index plunged over 50% year-to-date, while Layer-1 platforms like Ethereum saw significant fee revenue declines. Source: MarketVector Even with notable activity on networks like Sui and Solana, speculative fervor has cooled, and Bitcoin stands out for its relative resilience and maturing institutional appeal. State-Level Ambitions Falter Amid Federal Uncertainty Despite surging interest from private institutions, state-level adoption of Bitcoin is facing significant headwinds. Florida became the latest state to abandon its plans to integrate Bitcoin into its treasury strategy . Florida has become the latest US state to abandon efforts to establish a strategic Bitcoin reserve, dealing another setback. #Bitcoin #Reserve https://t.co/kRZo2V0BzE — Cryptonews.com (@cryptonews) May 6, 2025 Two proposed bills, House Bill 487 and Senate Bill 550, were withdrawn from the legislative process on May 3, despite the legislative session being extended until June 6 for budget deliberations. Had they passed, the bills would have authorized Florida’s chief financial officer and the State Board of Administration to allocate up to 10% of certain state funds to Bitcoin. Their quiet removal mirrors similar failures in other states, including Wyoming, North Dakota, South Dakota, Pennsylvania, Montana, and Oklahoma, all of which have recently shelved crypto investment proposals. While corporations and hedge funds increasingly embrace BTC as a treasury reserve and macro hedge, policymakers remain cautious, often citing volatility and fiscal responsibility as barriers to entry. If Bitcoin maintains momentum, Bernstein’s bullish $330 billion forecast may well become a self-fulfilling prophecy. The post Corporations Could Pour $330B Into Bitcoin Treasuries by 2030, Says Bernstein appeared first on Cryptonews .

Source: cryptonews