Michael Saylor Supports U.S. Strategic Bitcoin Reserve Bill in Washington

Michael Saylor and Fred Thiel, along with other crypto leaders, participated in a roundtable in Washington, D.C. to support a new bill for a U.S. "strategic bitcoin reserve."
The event was hosted by Senator Cynthia Lummis and Representative Nick Begich, who reintroduced the BITCOIN Act earlier this year.
The bill proposes making Bitcoin (BTC) a strategic reserve asset, akin to gold, with plans for the U.S. government to acquire one million bitcoin over five years using "budget neutral strategies."
This proposal builds on a previous executive order by former President Trump regarding permanent crypto holdings from seized assets.
Congress has recently passed significant crypto legislation on stablecoins and is preparing broader industry regulations. Supporters argue that a bitcoin reserve is crucial for U.S. competitiveness in digital assets.
The bill currently has only Republican support and is pending hearings in both the House Financial Services Committee and the Senate Banking Committee. Efforts are underway to secure bipartisan support.
Other participants included executives from Bitdeer, Riot, and Cleanspark. The Digital Power Network presented the proposal as a "bipartisan opportunity."