## Michael Saylor Advocates for a U.S. Bitcoin Reserve
Strategy founder Michael Saylor has expressed his support for the United States to establish a strategic Bitcoin reserve, proposing that the nation should aim to acquire 20% of the Bitcoin network. “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 stated during his speech at the Conservative Political Action Conference (CPAC) in Washington, D.C., on February 20. [Link to tweet](https://twitter.com/saylor/status/1892635108282101914).
Saylor cautioned that failing to adopt such a strategy could lead to the U.S. lagging behind other countries. “You wouldn’t want the Saudis buying it first, or the Russians, or the Chinese, or the Europeans,” he remarked. The Bitcoin advocate suggested that acquiring between 4 to 6 million Bitcoins could significantly assist America in addressing its national debt, with potential benefits estimated between “$50 trillion to $80 trillion” for U.S. taxpayers.
He emphasized that the U.S. government could swiftly purchase 20% of Bitcoin’s supply “like that,” snapping his fingers to illustrate the ease of the action. His comment about acquiring BTC “for free” likely alluded to the U.S. government’s capacity to issue an unlimited supply of dollars through Treasuries. Currently, the U.S. government holds approximately 198,109 BTC, making it the largest government holder of the leading cryptocurrency, while the United Kingdom possesses 61,245 BTC. Interestingly, the German government sold off around $2.8 billion in BTC in 2024.
Meanwhile, Saylor’s company, Strategy, which rebranded from MicroStrategy on February 5, holds 478,740 BTC, solidifying its position as the largest corporate holder of Bitcoin globally. Last month, shareholders of Strategy voted to increase the company’s Class A shares from 330 million to 10.3 billion, as part of a plan to raise $46 billion, evenly divided between $21 billion in equity and $21 billion in fixed-income securities.
In a presentation last December, Saylor proposed a Bitcoin reserve strategy to Microsoft’s board of directors, suggesting that the tech giant could generate as much as $5 trillion in shareholder value by embracing the leading cryptocurrency. However, Microsoft shareholders ultimately voted against the Bitcoin reserve proposal.
