Michael Saylor: the US should buy up to 20% of bitcoins as a strategic reserve

He stressed the urgency of such investments, warning against competing countries being the first to acquire BTC

21.02.2025 - 13:35

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What’s new? Michael Saylor, the founder of Strategy (formerly MicroStrategy), has called on the United States to create a strategic bitcoin reserve by acquiring up to 20% of the coins. Speaking at the Conservative Political Action Conference (CPAC) in Washington, D.C., Saylor said the US must act quickly to ensure its dominance in the digital asset space. Saylor noted the potential economic benefits of acquiring BTC, stating:

“There’s only room for one nation-state to buy up 20% of the network, and I think it should be the United States. 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 emphasized the urgency of such an investment, cautioning against competing countries such as China, Russia, Saudi Arabia, or European countries being the first to acquire a significant share of the first cryptocurrency.

What else is known? At current market prices, it would cost about $392 billion to acquire 20% of the current supply of BTC, about 4 million coins. That figure far exceeds the value of the US Strategic Petroleum Reserve, which holds about 395 million barrels of oil worth about $29 million.

When asked about including other cryptocurrencies in a potential US strategic reserve, Saylor rejected the idea. Strategy owns 478 740 BTC, worth about $47 billion, with an average dollar purchase price of $65 000 per coin.

The company previously announced plans to raise $2 billion through 0% senior convertible notes to further expand its BTC holdings.

Despite market volatility, the company’s bitcoin holdings have generated 51% returns, boosting its share price by 360% over the past year. Saylor predicted that the driving force of the 21st century will be artificial intelligence and digital currencies.

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