Michael Saylor Says the U.S. Should Buy Up To 20% of Bitcoin as a Strategic Reserve
Michael Saylor, founder of Strategy (formerly MicroStrategy), has called on the United States to establish a strategic Bitcoin reserve by acquiring up to 20% of the Bitcoin network.
Speaking at the Conservative Political Action Conference (CPAC) in Washington, D.C., on February 20, Saylor argued that the U.S. should act swiftly to secure a dominant position in the digital asset space.
“There’s only room for one nation-state to buy up 20% of the network, and I think it should be the United States,” Saylor stated.
Saylor Argues the U.S. Could Pay National Debt Using BTC
Saylor noted the potential economic benefits of acquiring BTC, saying, “The dollar would strengthen, the nation would be enriched, and if you own 4 to 6 million BTC, you’re going to pay off the national debt.”
He stressed the urgency of such an investment, warning against rival nations like China, Russia, Saudi Arabia, or European countries securing a significant stake first.
At current market prices, acquiring 20% of Bitcoin’s circulating supply—around 4 million coins—would cost approximately $392 billion. This figure dwarfs the value of the U.S.
Strategic Petroleum Reserve, which holds about 395 million barrels of oil worth an estimated $29 billion.
When questioned about the inclusion of other cryptocurrencies in a potential U.S. strategic reserve, Saylor dismissed the idea. “Bitcoin is a commodity, an asset without an issuer,” he said
“No company, individual, or country can corrupt it, and it has reached escape velocity.”
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
During his speech, Saylor also reflected on Bitcoin’s broader role in global finance.
“Satoshi gave us a strategy that empowers individuals and companies beyond the reach of traditional monopolies,” he said, referring to Bitcoin’s pseudonymous creator.
He described the ongoing shift of capital from physical to digital assets as a fundamental change in global economic dynamics.
Strategy Holds Largest Coporate Bitcoin Portfolio
Saylor’s comments come as Strategy, the company he leads, holds the largest corporate Bitcoin portfolio in the world.
The firm owns 478,740 BTC, valued at approximately $47 billion, with a dollar-cost average purchase price of $65,000 per coin.
Despite market volatility, the company’s Bitcoin holdings have delivered a 51% profit, boosting its stock price by 360% over the past year.
Looking to the future, Saylor predicted that the 21st century will be driven by artificial intelligence 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.
Recently, Strategy announced plans to raise $2 billion through 0% senior convertible notes to further expand its Bitcoin holdings.
The company stated that net proceeds from the offering will primarily fund new Bitcoin acquisitions, with a portion allocated for general working capital.
It is worth noting that several U.S. states, including Illinois, Kentucky, Maryland, New Hampshire, New Mexico, North Dakota, Ohio, Pennsylvania, South Dakota, and Texas, have also introduced bills that could enable them to hold Bitcoin and other cryptos as reserve assets.
Source: cryptonews.com
