- Michael Saylor’s company, Strategy, buys $1.99 billion worth of Bitcoin, increasing its holdings to 499,096 BTC.
- Saylor proposes a Bitcoin reserve plan to the SEC, aiming to address the US national debt crisis and potentially generate trillions in wealth.
Even with Bitcoin taking a bit of a nosedive on Tuesday, down by about 6.8%, Michael Saylor didn’t flinch. The CEO of Strategy, formerly MicroStrategy, just announced they’re scooping up a massive $1.99 billion worth of BTC.
🚨NEW: @saylor met with the @SECGov #crypto task force on Friday. pic.twitter.com/KkLfb5Mf2Q
— Eleanor Terrett (@EleanorTerrett) February 24, 2025
But here’s where it gets really interesting, Saylor’s not just buying crypto for his company. He’s pitched this bold Bitcoin strategic reserve plan to the SEC. It’s all part of his Digital Assets Framework that he thinks could help with America’s massive national debt problem which has hit a staggering $36.2 trillion.
He believes his plan could generate somewhere between $16 trillion and $81 trillion for the US Treasury.
Saylor’s Vision for Bitcoin and Digital Assets
Saylor’s Digital Assets Framework is pretty comprehensive. He rolled it out back in December 2024. He broke digital assets into six buckets: Digital Commodities (that’s where Bitcoin sits), Digital Securities, Digital Currencies, Digital Tokens, Digital NFTs, and Digital ABTs.
Meanwhile, the SEC has shown a willingness to explore clearer regulations for the crypto industry, establishing a Crypto Task Force in January 2025. This move marks a shift from its previous enforcement-heavy approach, aiming to foster innovation while protecting investors.
Saylor’s proposal aligns with this shift, suggesting that the US government should secure 20% of Bitcoin’s total supply. He argues this would not only strengthen America’s dominance in the digital economy but also serve as a long-term hedge against inflation.
Strategy’s going all-in on BTC, and it shows just how committed Saylor is to getting big institutions on board. They’ve got this playbook they keep running, raising money through debt and equity, then using it to stack more Bitcoin. It’s a pretty bold strategy, but they’re betting big that Bitcoin’s value will keep climbing over time.
With Bitcoin trading about 20% below its all-time high right now, Strategy is continuing to buy up coins at what they see as discount prices. If Bitcoin rebounds, and especially if Saylor’s dream of getting the US to adopt that Bitcoin Strategic Reserve Plan actually happens officially, they could be sitting on some serious gains.
Bitcoin’s Market Performance and Technical Outlook
Bitcoin’s having a bit of a rough patch right now, sitting at around $89,060 after taking a pretty hefty hit, a $3.6% drop in the last 24 hours. The Bybit security issue is still casting a shadow over everything, making Bitcoin’s downward slide even worse.
If the selling keeps up, we might see BTC slide even further down to the $88,000 range. But don’t count Bitcoin out just yet! If it somehow climbs back up and reclaims that $96,000 mark.