Report: US Companies Expected to Buy $10.3 Billion in Bitcoin in Next 18 Months

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A new report from River – a Bitcoin technology and financial services company – predicts that several companies in the United States will increase their investments in Bitcoin (BTC) over the next 18 months.

According to the report, an estimated 10% of US-based companies are likely to convert 1.5% of their treasury reserves, or about $10.35 billion, to Bitcoin within the next year and a half.

Forecast of Bitcoin holdings by companies in 2026. Source: River.

River analysts also point out that traditional corporate treasury strategies rely on cash and other short-term cash equivalents, which are poor stores of value. River’s analysis asserts:

These allocations can generate modest returns close to the federal funds rate—currently more than 5%. However, even these short-term investments often fail to outperform inflation, which reduces the value of Treasury bonds.

The report notes that inflationary erosion has also caused Apple — now a trillion-dollar company — to lose $15 billion in Treasury bonds over the past 10 years.

MicroStrategy's Enterprise Treasury Strategy

Analyst forecasts point to increased adoption of the corporate treasury strategy popularized by MicroStrategy founder Michael Saylor.

In June 2024, MicroStrategy completed the sale of $800 million in senior convertible notes with a coupon of 2.25%, maturing in 2032. MicroStrategy used the proceeds to purchase an additional 11,931 BTC.

Saylor has described Bitcoin as an asset that ensures “economic immortality” for corporations and businesses due to its limited supply and lack of counterparty risk Capital in other stores of value, such as real estate or stocks.

Chart showing MicroStrategy's BTC accumulation. Source: River.

MicroStrategy’s Q2 earnings report revealed that the company currently holds 226,500 BTC, worth around $12.2 billion at the time of writing.

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