Saylor Urges U.S. to Buy 20% of Bitcoin Supply

Michael Saylor, the founder of Strategy, has called on the U.S. government to acquire 20% of the Bitcoin supply. Speaking at the Conservative Political Action Conference (CPAC) in Washington DC on Feb. 20, Saylor suggested that the U.S. should become the first nation-state to buy up a significant portion of the BTC network.

Saylor warned that if the U.S. fails to act, other nations such as Saudi Arabia, Russia, China, or European countries could potentially buy up the supply. He argued that owning 4-6 million Bitcoins could help the U.S. pay off its national debt and bring potential benefits of “$50 trillion to $80 trillion” to U.S. taxpayers.

Saylor stressed that the U.S. government could purchase 20% of Bitcoin’s supply “like that,” suggesting that it could use its ability to issue an infinite supply of dollars through Treasuries to acquire the cryptocurrency.

The U.S. government currently holds around 198,109 BTC, positioning it as the largest government holder of the apex crypto. Meanwhile, the United Kingdom owns 61,245 BTC, and the German government dumped around $2.8 billion in BTC in 2024.

Saylor’s Strategy, which rebranded from MicroStrategy on Feb. 5, holds 478,740 BTC, making it the globe’s largest Bitcoin corporate holder. Last month, Strategy’s shareholders voted to boost the company’s Class A shares from 330 million to 10.3 billion, as part of efforts to raise $46 billion, evenly split between $21 billion in equity and $21 billion in fixed-income securities.

In a December presentation, Saylor pitched a Bitcoin reserve strategy to Microsoft’s board of directors, suggesting that the tech giant could create as much as $5 trillion in shareholder value by adopting the benchmark crypto. However, Microsoft shareholders voted “no” to the Bitcoin reserve proposal.