David Edwards
In order to create a Strategic Bitcoin Reserve, Strategy founder Michael Saylor has suggested that the US government methodically buy up to 25% of the whole Bitcoin supply over the course of the next ten years.
In “A Digital Assets Strategy to Dominate the 21st Century Global Economy” Saylor proposed that the government buy Bitcoin every day from 2025 to 2035, when 99 percent of the cryptocurrency will be in use.
Make a plea to the US government: “Never sell your bitcoin.”
Saylor spoke to President Donald Trump, government representatives, and leaders of the cryptocurrency sector on March 7 at the White House Crypto Summit, where he unveiled his plan.
He stressed the importance of a long-term holding strategy, claiming that the Strategic Bitcoin Reserve may produce over $10 trillion a year by 2045, turning it into a stable source of wealth for the country. He also estimated that the reserve might provide $16 trillion to $81 trillion for the U.S. Treasury between 2025 and 2045, which may help reduce the nation’s debt.
Trump had earlier that day signed an executive order creating a Digital Asset Stockpile and a Strategic Bitcoin Reserve. There are presently no plans for direct Bitcoin purchases as part of the program, which was first financed by bitcoin recovered in criminal cases. Nonetheless, the directive directs Treasury and Commerce Department representatives to create cost-neutral plans to increase the reserve without adding to taxpayer expenses
The 25% Bitcoin Allocation Proposal Far Outstrips Previous Plans
The U.S. government would own over 5.25 million Bitcoin if it were to purchase 25% of the cryptocurrency’s total supply. This amount greatly exceeds the 1 million Bitcoin (5% supply) that Senator Cynthia Lummis of Wyoming suggested in the July 2024 Bitcoin Act.
Michael Saylor’s Intense Bitcoin Holdings Persist
Additionally, Saylor’s business, Strategy, has increased its Bitcoin holdings. The company bought $2 billion more Bitcoin on February 24th, increasing its total holdings to about 500,000 Bitcoin. A $2 billion senior convertible note offering was used to finance the acquisition, demonstrating Saylor’s sustained optimism about Bitcoin.
