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.