Saylor Leads Capitol Hill Push for Strategic Bitcoin Reserve

Michael Saylor attended a Washington D.C. roundtable on September 16, 2025, joining lawmakers to advance the BITCOIN Act, which proposes the U.S. acquire one million Bitcoin over five years.

Strategy’s co-founder joined 18 cryptocurrency industry leaders at the Capitol Hill meeting hosted by Republican Senator Cynthia Lummis and Representative Nick Begich, both co-sponsors of the strategic Bitcoin reserve legislation. The gathering aimed to build momentum behind the BITCOIN Act, formally titled “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide”.

Major Industry Coalition Forms

The roundtable brought together heavyweight crypto advocates including Marathon Digital Holdings CEO Fred Thiel, Fundstrat CEO Tom Lee, and executives from Bitdeer, Riot Blockchain, and CleanSpark. The Digital Chambers and Digital Power Network hosted the session, presenting strategies to ensure budget-neutral Bitcoin purchases without burdening taxpayers.

Hailey Miller, director of government relations at the Digital Power Network, emphasized the group’s priority: “Our real push is to ensure that the BITCOIN Act and a strategic bitcoin reserve remain a priority”.

BITCOIN Act Details

The legislation proposes treating Bitcoin as a strategic reserve asset similar to America’s gold holdings. The bill would require the Federal Reserve and Treasury Department to acquire Bitcoin through budget-neutral mechanisms, with proposed funding sources including reevaluating Treasury gold certificates and utilizing tariff revenue.

The measure builds on President Trump’s executive order requiring seized digital assets to remain in permanent government reserves rather than being liquidated. The bill currently awaits action from the House Financial Services Committee and Senate Banking Committee, with no official hearings scheduled.

Saylor’s Recent Bitcoin Activity

This advocacy effort follows Strategy’s announcement on September 15 that it purchased an additional 525 Bitcoin for $60.2 million at an average price of $114,562 per coin. The acquisition brought the company’s total holdings to 638,985 Bitcoin, valued at over $73 billion.

The corporate Bitcoin strategy has generated approximately $27 billion in unrealized profits for Strategy, with the company maintaining its aggressive accumulation approach since August 2020. Saylor’s firm has consistently used equity offerings to fund Bitcoin purchases, positioning itself as the world’s largest corporate holder of the cryptocurrency.