Corporate Treasury bought by Bitcoin (BTC) could reach $ 330 billion by the end of 2029, broker Bernstein said in a research report on Monday.

Strategy (MSTR) is likely to be the largest buyer with an additional $ 124 billion of the world’s largest crypto in the broker’s bull case. The company led by Michael Saylor announced an additional $ 21 billion in the joint share supply market last week to buy more Bitcoin.

“The US Pro Crypto Regulatory regulatory has further accelerated the company’s ownership growth of Bitcoin,” wrote analysts led by Gautam Chhugani.

Bernstein expects other listed companies to award around $ 205 billion to Bitcoin acquisition strategies, led by smaller companies with lower growth that want to emulate the strategy’s treasury model.

Public companies now own ~ 2.4% of the Bitcoin supply, or approx. 720,000 BTC on their balance, noted the report.

Still, the strategy’s “scale is difficult to replicate” and not all Bitcoin Ministry of Finance will be successful in trying to repeat the company’s playbook, the report added.

Strategy acquired an additional 1,895 Bitcoin last week for $ 180.3 million.

Read more: Michael Saylor’s strategy adds 1,895 Bitcoin, which brings company stack to 555,450 BTC