Negosyante News

February 23, 2025 6:21 pm

Michael Saylor Urges U.S. to Buy 20% of Bitcoin as a Strategic Reserve

WASHINGTON, D.C.Michael Saylor, founder of Strategy (formerly MicroStrategy), has proposed that the United States acquire up to 20% of Bitcoin’s total supply as a strategic reserve to strengthen the economy and counter potential foreign dominance in the digital asset space.

Speaking at the Conservative Political Action Conference (CPAC) on February 20, Saylor emphasized the urgency of securing a leading position in Bitcoin before rival nations such as China, Russia, or Saudi Arabia do.

Bitcoin as a National Asset

Saylor argued that if the U.S. owned 4 to 6 million BTC, it could pay off the national debt while simultaneously strengthening the dollar.

“There’s only room for one nation-state to buy up 20% of the network, and I think it should be the United States,” he stated.

At current market prices, acquiring 20% of Bitcoin’s circulating supply would cost around $392 billion—a figure significantly higher than the $29 billion valuation of the U.S. Strategic Petroleum Reserve.

Excluding Other Cryptocurrencies

When asked if the U.S. should diversify its crypto holdings, Saylor rejected the idea, asserting that Bitcoin is the only true digital commodity.

“Bitcoin is a commodity, an asset without an issuer. No company, individual, or country can corrupt it, and it has reached escape velocity,” he explained.

Strategy’s Massive Bitcoin Bet

Saylor’s company, Strategy, currently holds the largest corporate Bitcoin portfolio in the world, with 478,740 BTC valued at approximately $47 billion.

Despite Bitcoin’s price volatility, Strategy’s holdings have yielded a 51% profit, boosting its stock price by 360% over the past year.

Future of Bitcoin and AI-Driven Finance

Looking ahead, Saylor predicted a world driven by artificial intelligence (AI) and digital currencies.

“A billion AIs will think a million times a second, and they’ll use digital money because they can’t open a bank account,” he remarked.

To expand its Bitcoin reserves, Strategy recently announced a $2 billion capital raise through 0% senior convertible notes, with the majority of funds earmarked for further Bitcoin acquisitions.

State-Level Bitcoin Adoption

Several U.S. states, including Texas, Ohio, and Pennsylvania, have introduced bills that could allow them to hold Bitcoin as a reserve asset, signaling growing institutional interest in the digital currency.

What’s Next?

As Bitcoin adoption expands, Saylor’s proposal for a U.S. Bitcoin reserve could spark further debate on crypto-backed economic strategies and national digital asset policies.

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