Michael Saylor to Buy $21 BILLION Bitcoin

Hey, it’s Archie!

It’s been a huge week in Bitcoin with Michael Saylor doubling down another $21b, Trump making moves, and Wall Street coming to the party with new finance options.

Let’s dig in! 🙌

🚨Today’s Issue

• Michael Saylor’s $21 BILLION Bid

• White House Crypto Summit

• The Bitcoin Act

NEWS

Bitcoin Snippets

• Fold buys $42m Bitcoin: Adding 475 $BTC to bring its total to 1,485 BTC

• Middle East: Gulf states are already looking into Bitcoin buying strategies, says CNBC's MacKenzie Sigalos

• El Salvador Buys More!

• Banks to Custody Bitcoin: Federally regulated US Banks can now custody Bitcoin without requiring prior approval - Office of the Comptroller of the Currency (OCC).

• SEC: Regulator to stop requiring crypto exchanges to register as trading systems.

• Bitcoin Trading with BBVA Bank: Spain's second biggest bank BBVA to launch Bitcoin and crypto trading.

• Huge Volatility: Bitcoin made the biggest weekly price drop in history with a $13,561 red candle.

• Singapore: Stock Exchange to launch Bitcoin perpetual futures contracts.

• Japan: Looking to cut tax on Bitcoin gains from ~55% down to 20% as part of broad cryptocurrency reforms.

• Bitcoin Priced In Gold: Still far below last cycle’s peaks. Still early.

• Germany: Deutsche Boerse to launch Bitcoin custody for institutional clients

• Bitcoin Standard: Bitwise launched a "Bitcoin Standard Corporations ETF" that includes +70 companies holding Bitcoin as a treasury reserve asset.f

• Hong Kong: Hong Kong company Lead Benefit has bought another $27m Bitcoin. It now holds 833 Bitcoin worth $69m.

• Bitcoin Loans: Cantor Fitzgerald launches Bitcoin-backed lending for institutions. The firm is starting with a $2b book.

• Kingdom of Bhutan Builds Airport with Bitcoin Funds

MICHAEL SAYLOR

$21 BILLION to Buy More Bitcoin

• Buying the Top Forever: Michael' Saylor's renamed company, Strategy, now owns 499,096 Bitcoin currently worth $41B Bitcoin

• 1 Million Bitcoin Target: The new $21b ATM could buy another 251,497 $BTC at current prices, for a total over 750,000 Bitcoin.

In October 2024, Saylor announced what was then a shockingly ambitious plan to buy $42 billion in Bitcoin. Since then it has bought ~$24b Bitcoin - the entire 2025 and 2026 target combined, achieved within 4 months of announcing the plan.

He’s never stopping.

WHITE HOUSE

Trump Holds First ‘Crypto’ Summit At White House

Bitcoin and crypto industry gathered at the White House for the inaugural Crypto Summit. Nothing could be further than the outright hostility of the Biden Administration and Democrat led Congress towards the industry.

2025 wins:

• Strategic Bitcoin Reserve EO signed

• SEC dropped numerous cases against exchanges and other companies

• Banks allowed to custody Bitcoin without requiring prior approval

• Multiple Secretaries in the administration committed Bitcoiners

• Trump Committed to make the United States a Bitcoin ‘superpower’

While the White House is exploring "budget neutral” methods of buying Bitcoin, Standard Chartered thinks it has found a way: sell gold.

THE BITCOIN ACT

Senator Lummis: U.S. Govt Should Buy 1m Bitcoin

• Senator Lummis has re-introduced her Bitcoin Act to congress

• The bill calls for the United States government to buy 1m Bitcoin over 5 years

• Michael Saylor recommends 5.5m Bitcoin with a constant daily bid over the next 10 years, when the Bitcoin supply will hit 99% of all the coins to be issued.
  

  In the meantime, the states are racing ahead, with 33 states pursuing Bitcoin Strategic Reserve bills.

  

  …and China leads all nations for the most Bitcoin held with more than double the Bitcoin held by the United States (after expected Bitfinex returns). So if the ambition is real, the mission is urgent.

  

  
  

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Cheers,

Archie

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