Michael Saylor, Executive Chairman of MicroStrategy, is partnering with US lawmakers in Washington D.C. to advance a Strategic Bitcoin Reserve bill. Congress has mandated the U.S. Treasury to submit a feasibility report within 90 days as outlined in House Bill 5166.
The initiative involves a roundtable meeting with 18 crypto industry executives, including Fundstrat CEO Tom Lee and Marathon Digital CEO Fred Thiel, hosted by The Digital Chambers advocacy group. The focus is on building momentum behind the BITCOIN Act introduced by Senator Cynthia Lummis in March, which calls for the government to acquire one million Bitcoin over five years through budget-neutral strategies.
Saylor, whose company MicroStrategy holds 638,460 BTC, stated: "All the capital in the world is gonna flow into cyberspace, into the Bitcoin network." The proposed reserve could significantly impact Bitcoin's market dynamics and enhance its legitimacy in institutional finance.
Industry executives will discuss funding mechanisms that don't impact taxpayers, including reevaluation of Treasury gold certificates and tariff revenue. This initiative represents a potential shift in U.S. digital asset strategy and aligns with similar discussions occurring in other nations.