On March 11, Michael Saylor, founder and chairman of Strategy (Nasdaq: MSTR), took to X (formerly Twitter) to make a bold suggestion: the United States should invest in Bitcoin, much like it historically acquired vast amounts of land.
Saylor pointed out that over the past centuries, the US government had purchased 78% of its total land for just $40 million. The land acquisitions—including territories such as Manhattan, Louisiana, California, and Alaska—are now valued at an astonishing $23 trillion. Drawing a parallel between these historic deals and Bitcoin, Saylor urged the US to secure a stake in what he called “digital gold,” especially as President Trump’s Executive Order on the Strategic Bitcoin Reserve begins to take shape.
A long-time Bitcoin advocate, Saylor has positioned Strategy (formerly MicroStrategy) as the largest corporate holder of the cryptocurrency. The company currently holds 499,096 Bitcoin, acquired for $33 billion at an average price of $66,423 per coin. Today, its Bitcoin holdings are worth approximately $40.6 billion, solidifying Strategy’s leadership in corporate Bitcoin adoption.
On March 10, the company announced a $21 billion At-The-Market (ATM) offering of its Series A Perpetual Strike Preferred Stock (STRK), signaling its intent to acquire even more Bitcoin while also addressing other financial objectives. However, the announcement triggered a sharp reaction in the market, causing MSTR stock to drop 10% yesterday. Despite this, it rebounded by 5% today, trading at $248.4 at the time of writing.
Bitcoin itself has not been immune to recent volatility. Over the past five days, its price has slipped from nearly $92,500 to just above $81,000. Yet, such fluctuations have never shaken Saylor’s confidence. He remains one of Bitcoin’s most vocal proponents, maintaining that it is the ultimate store of value.
His conviction is not without precedent. If an individual had invested $100 in Bitcoin on August 11, 2020—the day MicroStrategy made its first Bitcoin purchase at around $11,500 per coin—that investment would now be worth approximately $707, reflecting a staggering 607% return. For Saylor, this trajectory reinforces Bitcoin’s role as a once-in-a-generation asset, urging institutions and even governments to take it seriously before it’s too late.
By Alejandro Silva Ramírez, Crypto Analyst & Columnist