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Why more and more companies are buying bitcoin

  • More companies are buying bitcoin to add to their balance sheets, following Strategy's lead and incorporating the cryptocurrency along with traditional assets.
  • 80 companies have adopted the 'bitcoin standard,' collectively owning about 3.4% of the total bitcoin supply.
  • Firms like GameStop, Trump Media & Technology Group, and SPAC Cantor Equity Partners are among the recent companies making substantial investments in bitcoin.
  • Bernstein predicts that corporate demand could drive $330 billion of inflows into bitcoin by 2029, with small, low-growth companies being potential candidates for bitcoin adoption.

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