Michael Saylor and Crypto Leaders Back U.S. Strategic Bitcoin Reserve Bill

Michael Saylor, co-founder of MicroStrategy, and Marathon Digital Holdings CEO Fred Thiel joined other crypto leaders in Washington, ￰0￱ support a new bill proposing a U. S. "strategic bitcoin reserve." The roundtable was hosted by Senator Cynthia Lummis and Representative Nick Begich, who reintroduced the BITCOIN Act earlier this ￰1￱ bill would make Bitcoin (BTC) a strategic reserve asset , similar to gold, and direct the ￰2￱ to acquire one million bitcoin over five years. Importantly, it suggests using “budget neutral strategies” to achieve this ￰3￱ plan builds on a past executive order from former President Donald Trump, which created permanent crypto holdings from seized ￰4￱ initiative comes as Congress recently passed its first major crypto law regulating stablecoins and is now preparing broader industry legislation.

Advocates, including the Digital Power Network (DPN), say ensuring the bitcoin reserve remains a priority is key to strengthening ￰5￱ in digital ￰6￱ far, the bill has only Republican support and is still awaiting hearings in both the House Financial Services Committee and the Senate Banking ￰7￱ and executives are now working on gathering bipartisan ￰8￱ crypto leaders at the roundtable included Bitdeer’s Haris Basit, Riot’s Brian Morgenstern, and Cleanspark’s Matt ￰9￱ also shared briefing materials, framing the proposal as a “bipartisan opportunity.”