Bernstein Predicts $330B Corporate Treasury Inflows Into Bitcoin by 2029

A recent report from Bernstein suggests that publicly listed companies could allocate up to $330 billion to Bitcoin (BTC) treasuries over the next five years. The projection highlights growing institutional interest and the success of Bitcoin-focused strategies, such as those used by Strategy (formerly MicroStrategy).

JUST IN: Bernstein Research forecasts $330B in corporate #Bitcoin inflows by 2029.

➤ $205B from public companies
➤ $124B from @Strategy in bull case

For cash-rich, low-growth firms, #Bitcoin offers a bold but high-conviction path to value creation. pic.twitter.com/gQwEN5qeAL

— Bitcoin For Corporations (@BitcoinForCorps) May 5, 2025

Since late 2023, corporate Bitcoin holdings have risen by 160%, largely driven by Strategy’s active acquisitions. The company, led by Executive Chairman Michael Saylor, now owns approximately 555,450 BTC, accounting for more than 2.6% of Bitcoin’s total 21 million supply. These purchases have totaled about $38 billion since 2020.

Bernstein Predicts $124B BTC Acquisition for Strategy

To fund its Bitcoin strategy, the company has employed a combination of equity and debt offerings along with its corporate cash flow. In Q4 2024, the company unveiled its ’21/21′ plan. It has since expanded this to a new target of $84 billion in its ’42/42′ roadmap, with the potential for further growth.

Building on this ambitious trajectory, Bernstein analysts predict that Strategy could ultimately raise as much as $124 billion to continue acquiring Bitcoin. They also foresee other companies holding over $100 million in cash with limited growth options, collectively investing $190 billion in BTC.

Smaller, high-growth firms could contribute an additional $11 billion by 2026. Although large corporations remain cautious, Bernstein suggests that a $5 billion commitment from 10 companies by 2027 is a possibility, contingent on Bitcoin’s value proposition.

Semler Scientific Follows Strategy’s Approach

In the report, Bernstein analysts also noted that smaller businesses could struggle to replicate Strategy’s model due to varying risk management standards. They highlighted that Strategy’s success is partly due to its innovative approach with Bitcoin-linked fixed-income strategies, which other companies may not easily replicate.

However, Strategy’s approach has inspired a growing number of companies to adopt the Bitcoin standard. For example, Semler Scientific (SMLR), a healthcare company, recently acquired 167 BTC for $16.2 million, aligning with Strategy’s latest acquisition. The company now holds 3,634 BTC, generating a 22.2% return year-to-date (YTD).