Corporate Bitcoin Treasuries May Hit $330B by 2030—Wall Street Finally Wakes Up
Bernstein drops a bombshell: Companies could shovel a third of a trillion dollars into Bitcoin reserves within six years. Guess those corporate treasurers finally read the whitepaper.
Why now? Institutional FOMO meets balance sheet hedging—with a side of ’too late to buy at $20K’ regret. The great corporate BTC arms race begins.
Cynical take: Watch Fortune 500 CFOs rebrand reckless speculation as ’strategic asset allocation’ by Q3 earnings calls.
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 #Bitcoinhttps://t.co/hInTpnDniN
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 #MSTRhttps://t.co/QWMe6IMoOF
BitBO data further illustrates the growing institutional interest, showing that public companies now collectively hold more than 723,000 BTC worth over $68 billion.
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
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.
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 #Reservehttps://t.co/kRZo2V0BzE
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.
