Bitcoin inflows from corporate treasuries to reach $330 billion by 2029: Bernstein

Bernstein analysts revealed on Monday that corporate funds would likely spur $330 billion in inflows into Bitcoin (BTC) over the next five years, noting that most of these purchases will come from firms adopting a BTC treasury strategy as smaller companies look to emulate Strategy's playbook.

Bernstein predicts $330 billion capital inflow into Bitcoin by 2029

The company believes smaller firms are more suitable to adopt Strategy's Bitcoin treasury framework as it's the only visible path for them to grow.

"Small companies with low growth-high cash have better market fit with the MSTR Bitcoin playbook — there is no visible road ahead for them for value creation, and the success of the MSTR model offers them a rare growth path," Bernstein wrote in a note to investors on Monday.

Bernstein analysts estimate that Bitcoin could see inflows of up to $205 billion from these "small-low growth companies" by 2029 as they begin to adopt Strategy's playbook. However, the analyst noted that not every company that adopts the playbook will be successful.

Additionally, Bernstein expects Strategy to drive a $124 billion capital influx into Bitcoin over the next five years. The projection stems from the company's recently upsized capital target of $84 billion by 2027 and analysts' expectations of an additional $40 billion in capital during the remaining time frame.

"In our bull case, we expect another ~$124Bn inflows from MSTR alone, reaffirmed by the MSTR's recently upsized capital raise plans ($84Bn capital by 2027E vs $42Bn earlier — 32% completed in just 6 months)," the analysts added.

Strategy — which began acquiring Bitcoin in 2020 — added 1,895 BTC to its holding on Monday for $180 million. This boosted its total acquisition to 555,450 BTC.

Bernstein's prediction comes as more firms continue to add Bitcoin to their treasury reserve plans, following in the footsteps of Strategy. However, as the digital asset landscape continues to attract corporate firms, companies are also exploring adopting other cryptocurrencies outside of Bitcoin.

For example, DeFi Development Corporation began acquiring Solana (SOL) in April, following a rebranding and change in its leadership and treasury strategy. The company holds approximately 317,273 SOL, valued at around $47.9 million, with plans to expand its holdings.

Other companies adopting a Solana treasury include Upexi and Classover Holdings.