Michael Saylor Calls for U.S. to Acquire 20% of Bitcoin Network at CPAC

• Michael Saylor called on the U.S. government to acquire 20% of Bitcoin’s network to strengthen its digital economy position.
• He projected that owning four to six million Bitcoins could bring potential financial benefits of $50 trillion to $80 trillion.
• The U.S. currently holds 198,109 Bitcoin, valued at over $19 billion, making it the largest government holder of the asset.

Michael Saylor, executive chairman of Strategy, urged the U.S. government to acquire 20% of Bitcoin’s network to strengthen its position in the digital economy. Speaking at the Conservative Political Action Conference (CPAC), he argued that such a move would secure America’s dominance in cyberspace. He stated that owning and running the Bitcoin network would be key to maintaining economic leadership.

Saylor’s Proposal for U.S. Bitcoin Acquisition

During his address, Saylor emphasized the importance of government participation in Bitcoin mining and ownership. He asserted that controlling a significant portion of the Bitcoin network would be a strategic advantage. 

According to him, acquiring four to six million Bitcoins could serve as a financial asset to help address national debt. He projected that such an investment could bring potential benefits of “$50 trillion to $80 trillion” for U.S. taxpayers.

Saylor expressed his view that the government could fulfill this transition in 12 months. The growing financial market knowledge of Bitcoin across all sections of the U.S. cabinet and House and Senate served as a key factor for this decision according to Saylor.

U.S. Bitcoin Holdings and Government Position

Currently, the U.S. holds 198,109 Bitcoin, valued at over $19 billion. This makes it the largest government holder of the asset. The potential acquisition of a more significant portion of Bitcoin’s supply would represent a shift in national strategy regarding digital assets.

Saylor noted that there is only room for one nation-state to secure such a large percentage of the Bitcoin network. He expressed confidence that the U.S. would take the lead in this effort.

Earlier today, Strategy announced a $2 billion issue pricing, with an option for an additional $300 million. This follows previous actions taken by the company to increase its Bitcoin holdings.
Last December, Saylor released a Bitcoin and cryptocurrency framework for the U.S. government. He also supported a proposal to establish a U.S. strategic Bitcoin reserve, aligning with broader efforts to strengthen the country’s position in the global digital economy.