Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Michael Saylor Proposes US Government Acquire 25% of Bitcoin Supply for Strategic Bitcoin Reserve

Michael Saylor Proposes US Government Acquire 25% of Bitcoin Supply for Strategic Bitcoin Reserve

CointimeCointime2025/03/09 07:33
By:Cointime

Michael Saylor, the founder of Strategy, has suggested that the US government should aim to acquire up to 25% of Bitcoin's total supply over the next ten years for its Strategic Bitcoin Reserve. In a document titled "A Digital Assets Strategy to Dominate the 21st Century Global Economy," Saylor proposed acquiring 5-25% of the Bitcoin network through consistent daily purchases between 2025 and 2035. Saylor emphasized to the US government the importance of never selling their Bitcoin holdings, predicting that the Strategic Bitcoin Reserve could generate over $10 trillion annually by 2045. The proposal was presented to US President Donald Trump, government officials, and global crypto leaders at the White House Crypto Summit on March 7. Trump later signed an executive order establishing a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile," funded initially with cryptocurrency seized in criminal cases, with plans for budget-neutral strategies to acquire more Bitcoin developed by the Treasury and Commerce secretaries. If the government were to secure 25% of Bitcoin's total supply, it would hold 5.25 million BTC, significantly more than the 1 million BTC proposed by Wyoming Senator Cynthia Lummis in the Bitcoin Act introduced in July 2024. Michael Saylor's Strategy has continued accumulating Bitcoin, with an additional $2 billion worth purchased on Feb. 24, bringing the firm's total holdings to nearly 500,000 BTC. The acquisition followed Strategy raising another $2 billion in a senior convertible note offering to purchase more Bitcoin.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!