Michael Saylor Urges US to Buy 20% of Bitcoin’s Supply as a Strategic Reserve

Highlights:

• Saylor urged the US to acquire 20% of Bitcoin to strengthen its economic position.
• He believes that the adoption of Bitcoin could enrich the nation and help reduce the nation’s debt.
• The US holds 198,109 BTC, leading global government holdings with over $19 billion in value.

At the CPAC conservative movement conference in Washington, D.C., on Feb. 20, Michael Saylor, founder of Strategy (formerly MicroStrategy), called on the United States government to establish a strategic Bitcoin (BTC) reserve by acquiring up to 20% of the Bitcoin network.

My talk at the @CPAC conference this morning focused on Bitcoin, freedom, and economic empowerment.pic.twitter.com/eOFCnYa7qu

— Michael Saylor⚡️ (@saylor) February 20, 2025

Saylor warned of the risks of falling behind, noting it would be unfavorable if countries like Saudi Arabia, Russia, China, or European nations acquired it first. With current market values, 20% of Bitcoin’s circulating supply—about 4 million coins—would be worth approximately $392 billion.

“There’s only room for one nation-state to buy up 20% of the network, and obviously, I think it should be the United States, I think it will be the United States,” Saylor said. He believed the US could adopt this strategy in 12 months as Bitcoin gains support in the cabinet, House, and Senate.

Potential Impact on the US Dollar and National Debt

Saylor noted that this move might strengthen the dollar, enrich the nation, and potentially help pay off the national debt. Saylor mentioned that owning the future requires controlling cyberspace. To achieve that, one must own Bitcoin, operate its network, and mine it.

Such an investment would be massive, especially when compared to the US Strategic Petroleum Reserve, which holds roughly 395 million barrels valued at about $29 billion. When questioned about adding other cryptocurrencies to a US reserve, Saylor refrained from acknowledging any besides Bitcoin.

He stated:

“I think the key thing to keep in mind right now is that Bitcoin is a commodity, an asset without an issuer, there is no company, no individual, no country, no entity that can corrupt it, and it has reached escape velocity.”

The US holds 198,109 Bitcoin worth over $19 billion, making it the top government holder of the asset. In his speech, Saylor discussed Bitcoin’s wider impact on global finance. He noted that its creation offers individuals and businesses a way to operate outside traditional monopolies. He highlighted the global shift from physical to digital assets as a major change in economic dynamics. 

Saylor Pulishes Bitcoin and Crypto Framework for the US Government

In December, Michael Saylor introduced a detailed plan for incorporating digital assets into the US financial system. His “Digital Assets Framework,” which is aligned with President-elect Donald Trump’s economic goals, emphasizes Bitcoin’s role in boosting economic growth. It also underscores the need for clear regulatory guidelines.

Saylor noted that these steps could unlock trillions in wealth and empower millions of businesses worldwide. He also mentioned they could help maintain the U.S. dollar’s role as the foundation of the digital financial system.

A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in value. https://t.co/7n7jQqPkf1

— Michael Saylor⚡️ (@saylor) December 20, 2024

Strategy, previously known as MicroStrategy rebranded on February 5 and holds the largest corporate Bitcoin portfolio. The company owns 478,740 BTC, worth around $47 billion, with an average purchase price of $65,000 per coin. Despite market fluctuations, its Bitcoin investment has yielded a 51% profit, pushing its stock price up by 360% in the past year. Looking ahead, Saylor predicted that artificial intelligence and digital currencies will shape the 21st century.