Michael Saylor Proposes to ‘Neutralize” the National Debt With a Strategic Bitcoin Reserve

Bitcoin superbull Michael Saylor argues that a strategic Bitcoin reserve could bring in as much as $81 trillion for the U.S. Treasury. The proposal comes as MicroStrategy bought another 5,262 BTC last week for $561 million, bringing its total to 444,262 BTC, Saylor said on X . The seventh consecutive week of buys, MicroStrategy spent an average of $106,662 per Bitcoin. The company said in a filing with the Securities and Exchange Commission (SEC) that it spent about $27.7 billion on buying Bitcoin at an average of $62,257. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io