The purchase of Bitcoin’s corporate treasure (BTC) could reach $ 330 billion by the end of 2029, said Bernstein corridor in a research report on Monday.
The strategy (MSTR) is likely to be the largest buyer, with additional $ 124 billion of the world’s largest cryptography, in the case of the corridor bulls. The company led by Michael Saylor announced a common offer of ordinary shares of $ 21 billion in the market last week to buy more Bitcoin.
“The Pro Crypto regulatory regime of the United States has further accelerated the growth of Bitcoin’s corporate property,” wrote analysts led by Gautam Chugani.
Bernstein hopes that other traded companies allocate around $ 205 billion to Bitcoin’s acquisition strategies, led by smaller companies with lower growth that seek to emulate the treasure model of the strategy.
Public companies now have ~ 2.4% of the Bitcoin supply, or around 720,000 BTC in their balance sheets, the report said.
Even so, the “Strategy Scale is difficult to replicate” and not all Bitcoin treasures will succeed in trying to replicate the company’s play book, the report added.
The strategy acquired additional 1,895 bitcoin last week for $ 180.3 million.
Read more: Michael Saylor’s strategy adds 1,895 bitcoin, carrying the company’s battery to 555,450 BTC
