Corporate Treasuries Will Flood Bitcoin With $330B by 2029—Bernstein Calls It Early
Wall Street’s latest crystal ball gazers at Bernstein just stamped Bitcoin’s corporate adoption with a rocket-fueled price target. $330 billion in treasury inflows expected within four years—because nothing says ’responsible fiscal management’ like betting the balance sheet on volatile crypto.
The institutional dam is breaking
Forget retail traders—the real whales are CFOs quietly reallocating reserves. MicroStrategy’s playbook is going mainstream, with Bernstein predicting Fortune 500 treasuries will drive this tsunami of capital.
Why this isn’t 2021 hype 2.0
Spot ETFs cracked the door. Now pension funds and corporates are kicking it down. The report drops as BlackRock’s BTC holdings surpass $20B—turns out even old-money gatekeepers love a decentralized ledger when fees are involved.
One hedge fund manager yawns: ’Let me know when they actually use it for payments.’
Bernstein predicts $330 billion capital inflow into Bitcoin by 2029
The company believes smaller firms are more suitable to adopt Strategy’s Bitcoin treasury framework as it’s the only visible path for them to grow.
"Small companies with low growth-high cash have better market fit with the MSTR Bitcoin playbook — there is no visible road ahead for them for value creation, and the success of the MSTR model offers them a rare growth path," Bernstein wrote in a note to investors on Monday.
Bernstein analysts estimate that Bitcoin could see inflows of up to $205 billion from these "small-low growth companies" by 2029 as they begin to adopt Strategy’s playbook. However, the analyst noted that not every company that adopts the playbook will be successful.
Additionally, Bernstein expects Strategy to drive a $124 billion capital influx into Bitcoin over the next five years. The projection stems from the company’s recently upsized capital target of $84 billion by 2027 and analysts’ expectations of an additional $40 billion in capital during the remaining time frame.
"In our bull case, we expect another ~$124Bn inflows from MSTR alone, reaffirmed by the MSTR’s recently upsized capital raise plans ($84Bn capital by 2027E vs $42Bn earlier — 32% completed in just 6 months)," the analysts added.
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
Strategy — which began acquiring Bitcoin in 2020 — added 1,895 BTC to its holding on Monday for $180 million. This boosted its total acquisition to 555,450 BTC.
Bernstein’s prediction comes as more firms continue to add Bitcoin to their treasury reserve plans, following in the footsteps of Strategy. However, as the digital asset landscape continues to attract corporate firms, companies are also exploring adopting other cryptocurrencies outside of Bitcoin.
For example, DeFi Development Corporation began acquiring Solana (SOL) in April, following a rebranding and change in its leadership and treasury strategy. The company holds approximately 317,273 SOL, valued at around $47.9 million, with plans to expand its holdings.
Other companies adopting a Solana treasury include Upexi and Classover Holdings.
