On January 19, Michael Saylor, the co-founder of MicroStrategy, posted a Bitcoin (BTC) chart hinting at a potential acquisition set for the following day. This was the 11th consecutive week he had shared such insights, indicating he anticipated a significant development on January 20, coinciding with the inauguration of President-elect Donald Trump.
MicroStrategy’s Bitcoin Acquisition
Just a few days earlier, on January 13, MicroStrategy grabbed headlines with its purchase of 2,530 BTC, totaling around $243 million. This acquisition bumped the company’s overall Bitcoin holdings to a staggering 450,000 BTC. With a keen focus on their ambitious 21/21 strategy, MicroStrategy aims to secure $42 billion through equity and fixed-income markets to fund its Bitcoin investments, solidifying its position as the corporation with the largest Bitcoin reserves.
Strategic Shift for the U.S. Treasury
Saylor has often spoken about the potential advantages for nations that significantly increase their money supply or convert their assets from fiat currency to Bitcoin. He suggested that the U.S. Treasury should explore the idea of swapping its gold reserves for Bitcoin. Such a strategic shift could not only diminish the gold reserves of competing nations but also reinforce America’s Bitcoin dominance.
A Vision for the Future
Looking ahead, in December 2024, Saylor articulated a conceptual framework for a comprehensive U.S. cryptocurrency regulatory environment, envisioning a massive $81 trillion Bitcoin strategic reserve. He argued that establishing a clear digital asset policy could bolster the U.S. dollar, help tackle national debt, and position the United States as a frontrunner in the rapidly evolving digital economy of the 21st century. His ambitious plan aimed to elevate the digital asset market to a valuation of $10 trillion and expand digital capital markets to an impressive $280 trillion.
In alignment with Saylor’s views, asset manager Anthony Pompliano also voiced his support in November 2024 for creating a Bitcoin strategic reserve. He called on local municipalities, state governments, and federal agencies to accelerate their Bitcoin acquisition efforts. Echoing Saylor’s urgency, Pompliano emphasized that U.S. officials must recognize Bitcoin as a strategic reserve asset to avoid lagging behind other nations in the competitive global economy.
Source: Cointelegraph
