Michael Saylor and crypto leaders back US strategic Bitcoin reserve bill
|Top crypto executives and lawmakers are pushing a bill that could see the U.S. build a one-million Bitcoin (BTC) reserve.
Michael Saylor, co-founder of MicroStrategy, and Marathon Digital Holdings CEO Fred Thiel joined other crypto leaders in Washington, D.C. to 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 year.
The bill would make Bitcoin (BTC) a strategic reserve asset, similar to gold, and direct the U.S. government to acquire one million bitcoin over five years. Importantly, it suggests using “budget neutral strategies” to achieve this goal. The plan builds on a past executive order from former President Donald Trump, which created permanent crypto holdings from seized assets.
This 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 U.S. competitiveness in digital assets.
So far, the bill has only Republican support and is still awaiting hearings in both the House Financial Services Committee and the Senate Banking Committee. Lawmakers and executives are now working on gathering bipartisan backing.
Other crypto leaders at the roundtable included Bitdeer’s Haris Basit, Riot’s Brian Morgenstern, and Cleanspark’s Matt Schultz. DPN also shared briefing materials, framing the proposal as a “bipartisan opportunity.”
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