US May Purchase 1 Million Bitcoin for Strategic Reserves, Says Saylor

Michael Saylor, founder of MicroStrategy, proposed that the United States may acquire one million Bitcoin for its strategic reserves during an interview with FOX Business. His comments precede the White House Crypto Summit led by President Donald Trump.

Key points from Saylor's statements include:

MicroStrategy holds approximately 500,000 Bitcoin, representing about 2.4% of global supply.
The US government currently possesses around 200,000 BTC, valued at roughly $17 billion.
Saylor advocates a gradual acquisition strategy over several years, referencing a six-month timeline from a recent executive order.
He highlighted Bitcoin as a "digital property" that could increase public confidence in cryptocurrencies as savings vehicles.
Saylor differentiated between Bitcoin, which he views as suitable for reserves, and other digital assets like stablecoins and tokenized securities.
He emphasized that official adoption of Bitcoin does not undermine its decentralized nature.

At press time, Bitcoin traded at $91,725.