$BTC Global research and brokerage firm Bernstein has issued a new forecast suggesting that corporate treasuries may direct approximately $330 billion into bitcoin by the end of 2029, reflecting a sharp shift in how public companies manage capital amid limited organic growth prospects. The projection envisions a large-scale adoption of bitcoin as a reserve asset, particularly by smaller, cash-rich firms seeking to replicate the bitcoin-focused treasury strategy pioneered by Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy.

Bernstein stated, as shared by Matthew Sigel, head of digital assets research at Vaneck, via social media platform X on May 5:

We expect ~$330Bn corporate treasury led inflows to bitcoin by 2029.

“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 model,” Bernstein added. “In our bull ca The firm pointed to the alignment between Strategy’s model and companies that have limited growth options but maintain strong balance sheets. These firms, according to Bernstein, are well-positioned to follow the BTC accumulation playbook in search of alternative paths to value creation.