Wall Street firm Bernstein expects significant growth in corporate treasury Bitcoin holdings

TechFlow news, May 6 — According to CoinDesk, Bernstein, a Wall Street brokerage firm, released a new research report stating that corporate treasury purchases of Bitcoin are expected to reach $330 billion by the end of 2029. Among this, Strategy is projected to buy an additional $124 billion worth of Bitcoin, while other publicly traded companies are expected to invest approximately $205 billion. Currently, public companies hold around 720,000 Bitcoins, accounting for 2.4% of the total supply. Last week, Strategy announced a $2.1 billion follow-on offering plan to purchase Bitcoin and added 1,895 Bitcoins to its holdings. Analysts believe the U.S. regulatory environment supportive of cryptocurrencies is accelerating corporate Bitcoin adoption.