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- Saylor urges the U.S. to secure 20% of Bitcoin’s supply (4–6M BTC) to strengthen the dollar and eliminate national debt.
- He compares a $392B Bitcoin reserve to the $29B U.S. oil reserve, emphasizing Bitcoin’s superior strategic value.
- Strategy’s 478,740 BTC holdings, worth $47B, have driven a 360% surge in its stock price over the past year.
Michael Saylor, the founder of Strategy (formerly MicroStrategy), has reiterated his belief that the United States must establish a strategic Bitcoin reserve. Speaking at the CPAC conservative movement summit in Washington, D.C., on Feb. 20, Saylor emphasized that America needs to become the first to accumulate 20% of the total 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,” Saylor asserted. “I think it will be the United States.”
Saylor’s case relies on the transformative energy of Bitcoin as a national asset. Saylor stated that if the United States government could procure 4–6 million BTC, the government could use the appreciation in the value of Bitcoin to retire the national debt. “The US could hold 20% of the [Bitcoin] network like so,” he gestured, snapping his fingers. “The dollar gets stronger, the country gets richer, and the real promise is if you hold 4-6 million BTC, you’re going to retire the national debt.
Saylor also warned about the dangers of inactivity, mentioning the threat to other world powers such as China, Russia, Saudi Arabia, or the nations in the EU buying up major chunks of Bitcoin before the U.S.
Strategic Bitcoin Reserve vs. U.S. Oil Reserves
At the current market rate, 20% of the available Bitcoin is worth about 4 million BTC, or around $392 billion. This would be a huge investment compared to the U.S. Strategic Petroleum Reserve, which stores 395 million barrels worth only $29 billion.
The comparison also underscores the shift from old-school reserve commodities to cryptocurrency. Saylor envisions Bitcoin becoming the foundation of money in the future and a leading tool in money and national security. Saylor excluded the idea of whether other cryptocurrency-based assets should be included in a U.S. reserve, confirming Bitcoin’s exclusivity.
“I think the most significant thing to remember now is that Bitcoin is a commodity with no issuer,” he mentioned. “There isn’t any company, any person, any country, any entity to sully it, and it’s at escape velocity.” This agreed with his long-time assertion that Bitcoin, unlike the so-called altcoins, is the only legitimate digital asset to use in long-term value storage.
Bitcoin Surges as Strategy’s Stock Jumps 360%
Saylor mentioned the transition in the world from physical to computer-based capital and the future economy focusing on Bitcoin. “The 21st century’s going to be a billion AIs thinking a million times a second, and what will they use to move money around? They’re going to use money in the computer because they’re going to be unable to obtain a bank account,” he predicted.
Strategy, recently rebranded from MicroStrategy, remains the world’s largest corporate Bitcoin holder. The company possesses 478,740 BTC, valued at approximately $47 billion. It purchased the Bitcoins at an average rate of $65,000 each, so the portfolio gained 51% in profit, valued at approximately $16 billion. This bullish position benefited Strategy’s share price by 360% in the previous year.
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