Saylor Proposes US Purchase of 1 Million Bitcoin for Strategic Reserves

MicroStrategy founder Michael Saylor proposed that the United States acquire one million Bitcoin for its strategic crypto reserve . He made the suggestion during a FOX Business interview before Friday's White House Crypto Summit with President Donald Trump.

Saylor confirmed his company holds approximately 500,000 Bitcoin. This represents "about 2.4% of the worldwide supply," he said. The executive is among several crypto-industry leaders invited to the presidential roundtable on digital asset policy.

When questioned about financing such a large acquisition, Saylor outlined a gradual approach. He referenced a "six-month process" established by a recent executive order. "There are 12 members on the presidential working committee. There'll be involvement from the industry. There'll be involvement from the Senate and from the house," Saylor said. "It's above my pay grade to decide how it is determined."

The executive pointed to existing legislative frameworks for such an initiative. "The longest bill [by Senator Lummis] has laid out the idea of acquiring Bitcoin strategically over four years, just consistently day by day in order to reach a million Bitcoin target," he said. The U.S. government currently holds an estimated 200,000 BTC, worth approximately $17 billion at current prices.

Saylor advocated for a measured approach to additional purchases. He emphasized the importance of "clear telegraphing and transparency" rather than sudden acquisitions that could disrupt markets. His plan centers on Bitcoin's classification as "digital property" without a central issuer.

"The real key about Bitcoin is for people to understand that it's a digital property. It's a savings account that empowers every single American to save their wealth and preserve it over time," Saylor explained. He suggested government clarity on this status could encourage more citizens to view cryptocurrencies as legitimate savings vehicles.

In discussing taxpayer-funded Bitcoin purchases, Saylor distinguished between different digital assets. He categorized Bitcoin as a "digital commodity" suitable for strategic reserves. He acknowledged the importance of stablecoins, tokenized securities, and token-based utility projects. Nevertheless, he identified Bitcoin as the primary candidate for national reserves, calling it "the one universally agreed-upon foundational asset in the entire crypto economy."

Saylor addressed skeptics by comparing Bitcoin to historical property acquisitions. "We bought 75% of this nation with about 40 million dollars," he said. "We bought Louisiana. We bought California. We bought Texas. We bought Alaska. It's property." He described Bitcoin as "property in cyberspace" where global wealth is increasingly flowing.

For those concerned about government involvement contradicting Bitcoin's decentralized nature, Saylor offered reassurance. "Satoshi gave us a process, a protocol for prosperity. That's what we call Bitcoin," he said. While early adopters may have preferred minimal regulation, Saylor believes nations "interested in economic empowerment and prosperity" will inevitably enter the digital domain. Bitcoin traded at $91,725 at press time.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.