Strategic founder Michael Saylor suggested that the United States government should work towards acquiring up to 25% of Bitcoin’s overall supply within the forthcoming decade for its Strategic Bitcoin Reserve.
“Acquire 5-25% of the Bitcoin network in trust for the nation through regular, systematic daily purchases from 2025 to 2035, a period when 99% of all BTC will have been issued,” Saylor documented in a paper titled “A Digital Assets Strategy to Dominate the 21st Century Global Economy.”
Saylor emphasizes to the US government, “Never sell your Bitcoin”
Saylor shared the document with US President Donald Trump, government officials, and global cryptocurrency leaders at the White House Crypto Summit on March 7.
He highlighted that the government should adhere to a “Never sell your Bitcoin” directive, anticipating that by 2045, the Strategic Bitcoin Reserve could yield over $10 trillion annually, serving as a “continuing source of wealth” for Americans.
Up until 2045, Saylor mentioned that the Reserve might generate between $16 trillion and $81 trillion for the US Treasury, potentially alleviating the national debt.
Source: Michael Saylor
Earlier that same day, Trump authorized an executive order creating a “Strategic Bitcoin Reserve” along with a “Digital Asset Stockpile,” initially funded by cryptocurrency confiscated in criminal investigations.
Although the order did not detail an immediate strategy for purchasing more Bitcoin, it indicated that the Treasury and Commerce secretaries would devise “budget-neutral plans” for further acquisitions, ensuring no additional expenses for taxpayers.
25% supply allocation greatly surpasses previous recommendation
If the US government were to acquire 25% of Bitcoin’s total supply, it would possess 5.25 million BTC — significantly more than the 1 million BTC (5% of the supply) proposed by Wyoming Senator Cynthia Lummis in the Bitcoin Act presented in July 2024.
Related: Michael Saylor’s Strategy secures first Bitcoin acquisition under new title
Meanwhile, Saylor has persisted in accumulating Bitcoin, having purchased an additional $2 billion worth on Feb. 24. This elevates Strategy’s total holdings to nearly 500,000 BTC.
The purchase followed Strategy’s successful raise of another $2 billion in a senior convertible note offering aimed at acquiring more Bitcoin.
Magazine: SEC’s reversal on crypto leaves key questions unresolved
