Michael Saylor, executive chairman of Strategy, walked onto the stage at the Blockworks Digital Asset Summit in 2025 with one goal: to tell the world what Bitcoin really is.
In front of a packed audience, he revealed a presentation titled the “21 Truths of Bitcoin,” listing everything he believes the asset has become. He didn’t offer metaphors or hypotheticals. He called it a fact sheet. “These are the truths,” Michael said, as he introduced each one, slide by slide, with the crowd watching in silence.
Michael said Bitcoin is an ideology. A protocol. An asset. A network. Then he kept going—calling it immaculate, ethical, a commodity, and a digital commodity. According to him, it’s also digital scarcity, digital gold, digital money, and perfect money.
21 Truths of Bitcoin pic.twitter.com/VMAbTk2Zqx
— Michael Saylor⚡️ (@saylor) March 20, 2025
On top of that, he claimed Bitcoin is legitimate, corporate, global, and immortal. He wasn’t done. He added digital energy, a digital energy network, a digital economic system, and a digital defense system. He closed the list by calling it an emerging solar system. That made twenty-one. He said each one once. Then moved to the next.
Michael Saylor lays out Strategic Bitcoin Reserve plan at White House crypto summit
Some days before his summit presentation, Michael pitched a full government strategy at the White House Digital Assets Summit. He told the crowd the U.S. could use Bitcoin as a national financial reserve and avoid drowning in debt. His proposal focused on something he called the Strategic Bitcoin Reserve, or SBR.
Michael said the plan could produce $16 trillion to $81 trillion in value for the U.S. Treasury by 2045. “The Strategic Bitcoin Reserve (SBR) has the potential to generate $16–81 trillion in wealth for the U.S. Treasury by 2045, offering a viable pathway to offset the national debt,” Michael told officials at the event.
He said the only way to do it was to act early. According to him, the U.S. would need to start accumulating between 5 and 25% of the total Bitcoin supply through daily programmatic purchases over a ten-year period starting in 2025. By the end of that timeline—2035—99% of Bitcoin will have been mined.
“Acquire 5–25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC will have been issued,” he said.
He also said the government should expect returns north of $10 trillion a year by 2045. “By 2045, the reserve should be generating $10+ trillion annually, continuously growing, and serving as a perpetual source of prosperity for the American people for generations to come,” Michael said.
Michael made it clear that the U.S. can’t wait around. He pushed for the removal of tax laws that punish crypto users and asked for an end to what he called unnecessary regulatory barriers. He also asked the government to support Bitcoin integration into U.S. banking and finance. His quote:
“A call to action. The time to act is now. By embracing digital assets and fostering innovation, the United States can secure its position as the global leader in the 21st-century economy.”
Strategy sells preferred stocks and securities to buy more Bitcoin
While he pushes the U.S. government to take action, Michael is already executing his plan through Strategy. The company, previously known as MicroStrategy, has spent the last several months selling different kinds of securities to raise money to buy Bitcoin.
The latest financial product they’re selling is called perpetual strife preferred stock. It doesn’t convert into shares and is designed to trade forever. It offers a 10% dividend, which is higher than the company’s earlier preferred offering from January.
This new offering is being marketed by the debt capital markets divisions of Morgan Stanley, Barclays, Citigroup, and Moelis & Co. Unlike earlier products pitched through equity desks, this one is targeting fixed-income investors.
That move signals a switch from hedge funds to individual traders, especially after the company’s earlier units—sold under ticker STRK—were successfully used to raise capital via at-the-market programs. Just last week, Strategy raised $10.7 million and used it to buy 130 Bitcoin.
The company has already laid out a plan to raise $42 billion over the next few years to expand its holdings. Every dollar will go toward buying more Bitcoin. Since October, Strategy has been adding to its balance sheet, and its Bitcoin stash is now worth about $42 billion.
This isn’t a single trade. It’s a constant pipeline of fundraising deals—preferred stock, convertible notes, common share sales—all focused on building their Bitcoin stockpile. The speed depends on market conditions. If Bitcoin and Strategy shares rise, the pace will pick up. Otherwise, they’ll keep making deals slowly, one sale at a time.
Michael Saylor says Bitcoin will hit $13 million in two decades
At the Blockworks summit, Michael made another claim. He said Bitcoin would hit $13 million per coin in 20 years. When he said it, the room didn’t flinch. Everyone was waiting for his explanation. “Bitcoin is a scarce digital commodity and a unique asset in human history,” Michael said. He then added, “The structure is such that scarcity and value can only increase over time.”
He said Bitcoin is not like gold, which has seen hyperinflation in the past. According to him, Bitcoin is designed to remain scarce forever. “Historically, gold has experienced hyperinflation several times, but Bitcoin is different. It will become a unique digital product,” he said.
He made it clear that Bitcoin isn’t just money. He described it as infrastructure, energy, a defense layer, and even a new form of global system. That wasn’t a metaphor, either. Those terms were part of the 21 truths he listed earlier.
Strategy’s entire plan revolves around this belief. They’re not experimenting. They’re all in. And they’ve been that way since 2020 when Michael first started using company cash to buy Bitcoin as a hedge against inflation.
The performance numbers back it up. Since Donald Trump returned to the White House, shares of Strategy are down 25%. In the same time frame, Bitcoin dropped about 19%. But since Michael’s Bitcoin plan started in 2020, shares of Strategy have jumped over 2,000%. And Bitcoin itself has gained more than 600%.
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