What You Need to Know (And Probably Roll Your Eyes At):
- Apparently, corporate treasury buying of bitcoin could soar to $330 billion by 2029, if Bernstein’s crystal ball is to be believed. 🙄
- The Wall Street sages predict Strategy (yes, MSTR, the one led by Michael Saylor) will be the biggest buyer, snagging about $124 billion worth of bitcoin. 🍾
- Smaller, less ambitious companies are expected to scrape together $205 billion to join the bitcoin bandwagon. Gotta keep up, right? 🤷♂️
According to the ever-optimistic Bernstein, corporate treasury purchases of bitcoin (BTC) are on track to hit a whopping $330 billion by the grand year of 2029. What a time to be alive, eh? 🤑
The real star of the show here is Strategy (MSTR), with an expected $124 billion worth of the shiny crypto. This, according to Bernstein’s most bullish projections. The firm, led by the ever-enthusiastic Michael Saylor, even went so far as to announce a nifty $21 billion stock offering just last week to expand their crypto stash. 😏
“Thanks to the pro-crypto regulatory policies in the U.S., corporate bitcoin ownership is growing faster than a cat meme going viral,” wrote analysts led by Gautam Chhugani. 😼
Bernstein also foresees other companies—especially the smaller ones with, let’s say, ‘modest’ growth projections—throwing $205 billion at bitcoin, hoping to replicate Strategy’s success. Because, naturally, if it worked for them, it’ll work for everyone else, right? 🤦♀️
Public companies already own a cool 2.4% of the total bitcoin supply—around 720,000 BTC—which is, let’s face it, quite the tidy little sum. 💸
But don’t get too excited. Strategy’s “size” and success are tricky to copy, and not every company will strike it rich by mimicking their exact playbook. Still, there’s no harm in trying, is there? 🤷♂️
Last week, Strategy added another 1,895 bitcoin to their growing treasure chest, at the bargain price of $180.3 million. 💰
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2025-05-05 19:06