Bitcoin as national asset may generate $81 trillion

MicroStrategy founder Michael Saylor shared a proposal on Friday to establish a strategic Bitcoin reserve.

The proposal suggests that such Bitcoin (BTC) could generate between $16 and $81 trillion in wealth for the U.S. Treasury, potentially providing a path to offset the national debt. The proposal projects growth in digital capital markets from $2 trillion to $280 trillion, with U.S. investors capturing the majority of shares.

The framework calls for practical compliance measures. These include standardized disclosures and industry-led compliance protocols. At the same time, it aims to reduce issuance costs and expand market access to 40 million companies out of the current 4,000 public companies.

The addition of MicroStrategy to the Nasdaq 100, replacing IT company Super Micro Computer, is expected to trigger buying activity from index funds.

The company’s success is reflected in its market position, trading at approximately double the net asset value of its Bitcoin holdings. This premium allows MicroStrategy to continue issuing shares above its intrinsic value, thereby enabling more purchases of Bitcoin.

Recent developments validate the Bitcoin-focused strategy championed by Saylor. Saylor has become one of Bitcoin’s most prominent advocates since the company began investing in cryptocurrencies four years ago.

According to data from Saylortrackerthe company now holds 439,000 Bitcoins, with an unrealized gain of $16 billion. MicroStrategy’s last purchase of BTC took place on December 16, when the company purchased 15,350 coins for $1.5 billion.

MicroStrategy’s Bitcoin strategy has propelled the software company into the Nasdaq 100 Index, with a market capitalization reaching $88 billion despite holding Bitcoin worth around $43 billion.

MicroStrategy managed to raise nearly $20 billion from investors in 2024 through a combination of stock and convertible bond sales. The company’s shares are up more than 500% this year.