In a twist that even the most imaginative of Moscow’s literary minds could scarcely conjure, the illustrious Michael Saylor, a veritable wizard of strategy, has conjured a proposal so audacious that it could make even the most stoic bureaucrat chuckle. He suggests that the United States government, in a fit of crypto enthusiasm, should aim to acquire a staggering 25% of Bitcoin’s total supply over the next decade, all in the name of a Strategic Bitcoin Reserve. Who knew Uncle Sam had a penchant for digital gold? 💰
“Acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC will have been issued,” Saylor penned in a document grandly titled “A Digital Assets Strategy to Dominate the 21st Century Global Economy.” Sounds like a title that could grace the cover of a best-selling novel, doesn’t it? 📚
Saylor’s Golden Rule: “Never sell your Bitcoin”
With the fervor of a preacher at a Sunday service, Saylor presented his magnum opus to none other than President Donald Trump, government executives, and a motley crew of global crypto leaders at the White House Crypto Summit on March 7. One can only imagine the expressions on their faces—half bewilderment, half amusement.
He urged the government to adopt a “Never sell your Bitcoin” policy, predicting that by 2045, this Strategic Bitcoin Reserve could generate over $10 trillion annually. Yes, you heard that right! A “perpetual source of prosperity” for Americans, or at least a good excuse for a national Bitcoin party! 🎉
Up until 2045, Saylor claimed the Reserve could generate between $16 trillion and $81 trillion for the US Treasury, potentially easing the national debt. Because who needs a balanced budget when you have Bitcoin, right? 😏
Earlier that day, in a scene that could rival any political drama, Trump signed an executive order establishing a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” initially funded with cryptocurrency seized from the nefarious hands of criminals. Talk about turning lemons into lemonade! 🍋
While the order didn’t include an immediate plan to buy more Bitcoin, it did state that the Treasury and Commerce secretaries would develop “budget-neutral strategies” for acquiring more Bitcoin. Because, of course, we wouldn’t want to burden the taxpayers with the cost of this digital treasure hunt! 🏴☠️
25% supply allocation far exceeds previous proposals
If the government were to secure 25% of Bitcoin’s total supply, it would hold a whopping 5.25 million BTC—far exceeding the modest 1 million BTC (5% of the supply) proposed by Wyoming Senator Cynthia Lummis in the Bitcoin Act introduced in July 2024. Clearly, Saylor is playing chess while others are still figuring out checkers! ♟️
Meanwhile, Saylor has been on a Bitcoin buying spree, purchasing an additional $2 billion worth on Feb. 24, bringing Strategy’s total holdings to nearly 500,000 BTC. It seems he’s not just talking the talk; he’s walking the walk, or rather, sprinting to the nearest crypto exchange! 🏃♂️
This acquisition came after Strategy raised another $2 billion in a senior convertible note offering to purchase more Bitcoin, the firm announced earlier on Feb. 24. One can only wonder what the next chapter in this digital saga will hold!
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2025-03-09 09:23