Source: Cointelegraph Original: "{title}"
Founder of Strategy, Michael Saylor, proposed that the U.S. government acquire up to 25% of the total Bitcoin supply for its strategic Bitcoin reserves over the next decade.
Saylor wrote in a document titled "Digital Asset Strategy to Dominate the Global Economy of the 21st Century": "Between 2025 and 2035, through continuous, planned daily purchases, the government should acquire 5% to 25% of the Bitcoin network in trust form. By 2035, 99% of Bitcoin will have been issued."
Saylor reiterated to the U.S. government: "Never sell your Bitcoin."
On March 7, at the White House cryptocurrency summit, Saylor presented this document to President Trump, government officials, and leaders in the global cryptocurrency space.
He explained that the government should adhere to the policy of "never selling your Bitcoin" and predicted that by 2045, the strategic Bitcoin reserves could generate over $10 trillion in annual revenue, becoming a "permanent source of wealth" for Americans.
Saylor stated that before 2045, the reserves could bring the U.S. Treasury between $16 trillion and $81 trillion in revenue, potentially alleviating the pressure of U.S. national debt.
Source: Michael Saylor
Earlier that day, Trump signed an executive order establishing a "Strategic Bitcoin Reserve" and a "Digital Asset Reserve," with initial funding sourced from cryptocurrencies seized in criminal cases.
Although the order did not immediately include plans to purchase more Bitcoin, it noted that the Secretary of the Treasury and the Secretary of Commerce would develop a "strategy that does not increase budget burdens" to acquire more Bitcoin, ensuring no additional costs to taxpayers.
The 25% supply allocation far exceeds previous proposals.
If the U.S. government acquires 25% of the total Bitcoin supply, it would hold 5.25 million Bitcoins—far exceeding the 1 million Bitcoins (5% of the supply) proposed by Wyoming Senator Cynthia Lummis in the "Bitcoin Bill" introduced in July 2024.
Meanwhile, Saylor has continued to increase his Bitcoin holdings, purchasing an additional $2 billion worth of Bitcoin on February 24. This brings Strategy's total Bitcoin holdings close to 500,000 Bitcoins.
This acquisition followed Strategy raising $2 billion through the issuance of senior convertible bonds to purchase more Bitcoin.
Related: Trump signs executive order to establish Bitcoin strategic reserves.
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