The purchase of the Treasury of Bitcoin Companies (BTC) could reach $ 330 billion by the end of 2029, the Bernstein broker said in a research report on Monday.
The strategy (MSTR) is probably the largest buyer, with an additional $ 124 billion in the world’s largest crypto in the Bull case in the broker. The company led by Michael Saylor announced an ordinary offer of $ 21 billion over $ 21 billion last week to buy more bitcoin.
“The regulatory regime of American cryptography has further accelerated the growth of the property of the Bitcoin company,” wrote analysts led by Gautam Chhugani.
Bernstein expects other listed companies to go about 205 billion dollars to Bitcoin acquisition strategies, led by small businesses with lower growth seeking to imitate the Treasury of the Strategy model.
Public companies now hold around 2.4% of the Bitcoin supply, or around 720,000 BTC on their balance sheets, noted the report.
However, “the strategy scale is difficult to reproduce” and all Bitcoin treasure will not succeed in reproducing the company’s game book, added the report.
The strategy acquired 1,895 additional bitcoin last week for $ 180.3 million.
Find out more: Michael Saylor’s strategy adds 1,895 bitcoin, bringing the corporate battery to 555 450 BTC
