Strategy co-founder Michael Saylor has urged the US government to acquire up to 20% of Bitcoin’s  (BTC) total supply, arguing that doing so could strengthen the dollar and potentially offset the national debt.

Speaking at the Conservative Political Action Conference (CPAC) on Feb. 20, Saylor positioned Bitcoin as a strategic asset, cautioning that if the US does not take action, rival nations might take the lead.

According to Saylor:

“There’s only room for one nation-state to accumulate 20% of the network. You wouldn’t want the Saudis, Russians, Chinese, or Europeans to buy it first.”

He further suggested that securing between 4 to 6 million BTC would be sufficient to cover the entire US national debt, though he did not provide specifics on how such a plan would be executed. He also claimed that the government could acquire Bitcoin “at no cost” by leveraging its ability to issue debt.

Bitcoin reserve efforts grow

Saylor’s remarks come as state-level efforts to incorporate Bitcoin into public reserves gain momentum, fueled by President Donald Trump’s pro-crypto stance and the shifting regulatory landscape.

Lawmakers in several states have advanced legislation to create a state-controlled Bitcoin reserve, while President Trump established a working group to explore the feasibility of a federal Bitcoin stockpile.

As of Feb. 21, more than 20 US states, including Texas, Utah, Pennsylvania, Wyoming, and Arizona, among others. Several have introduced or advanced legislation to establish Bitcoin reserves, with some allowing state treasurers to allocate a percentage of public funds to BTC.

Utah’s bill recently passed a House committee, while Arizona’s Senate Finance Committee approved a similar measure.

Despite this growing interest, economic experts remain divided on whether Bitcoin should play a role in government reserves, including the ECB, which has argued against central banks holding BTC in their treasuries.

Corporate adoption on the rise

The trend of corporations adopting Bitcoin as a strategic asset gained significant momentum in 2025, with publicly traded companies now holding nearly 1 million BTC—a 31% increase from the previous year.

Strategy, which recently rebranded from MicroStrategy, continues to lead the charge, expanding its Bitcoin reserves to 478,740 BTC as of mid-February.

The company, which has centered its corporate strategy around Bitcoin accumulation, recently announced workforce reductions to reallocate resources toward further purchases.

A key driver of this trend is the recent shift in accounting rules, allowing companies to mark Bitcoin to market. This means they can now recognize unrealized gains as profits rather than only reporting impairment losses.

This change has made Bitcoin a more attractive asset for corporate treasuries, potentially influencing further adoption in the coming months.

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