Michael Saylor

And I saw that BlackRock, their Bitcoin trust, the iBit iShare, has roughly 471,328 as of November 15, which is 2.2%. Yeah, they're ahead of us. I'm jealous. But here's the question I'm asking.

If they have 471, which is roughly 2.2% of all Bitcoin,

If they have 471, which is roughly 2.2% of all Bitcoin,

You got 331, which is roughly 1.5% of all Bitcoin, right? Neither one of you guys are selling. So 4% is gone, okay? Of the 21 million shares, many times you'll hear that 3 million of it people are not going to get access to, right? Whatever reason, 18 and a half million, give or take. So let's just say 18 million. So there's another 3 million gone there. So you have yours, they have theirs.

You got 331, which is roughly 1.5% of all Bitcoin, right? Neither one of you guys are selling. So 4% is gone, okay? Of the 21 million shares, many times you'll hear that 3 million of it people are not going to get access to, right? Whatever reason, 18 and a half million, give or take. So let's just say 18 million. So there's another 3 million gone there. So you have yours, they have theirs.

So let's just say 3, 17 million. And then you've also brought up the idea, I think the U.S. government right now, if I'm not mistaken, holds 183,000 Bitcoins at $12 billion, right? If I'm not mistaken. 183,000 Bitcoins at $12 billion. I think you've proposed the president to buy a million shares of Bitcoin, a million Bitcoins, which would be roughly $90 billion.

So let's just say 3, 17 million. And then you've also brought up the idea, I think the U.S. government right now, if I'm not mistaken, holds 183,000 Bitcoins at $12 billion, right? If I'm not mistaken. 183,000 Bitcoins at $12 billion. I think you've proposed the president to buy a million shares of Bitcoin, a million Bitcoins, which would be roughly $90 billion.

And if they wanted to go to the highest level, if they were to buy $6 million of it, which would be roughly half a trillion dollars, At that point, if that happens, and typically it's a buy and hold situation, if it gets to a point that most of it is locked up, what happens to the store value?

And if they wanted to go to the highest level, if they were to buy $6 million of it, which would be roughly half a trillion dollars, At that point, if that happens, and typically it's a buy and hold situation, if it gets to a point that most of it is locked up, what happens to the store value?

Can you put up the slide with the Bitcoin strategic reserve and the different plans there that's in that presentation? So, I mean, first of all, it's Senator Lummis, Cynthia Lummis, has put forth a proposal that the United States establish a strategic Bitcoin reserve, and it's a... It's a brilliant idea that she's presented to the Senate.

Can you put up the slide with the Bitcoin strategic reserve and the different plans there that's in that presentation? So, I mean, first of all, it's Senator Lummis, Cynthia Lummis, has put forth a proposal that the United States establish a strategic Bitcoin reserve, and it's a... It's a brilliant idea that she's presented to the Senate.

And I have a slide in my presentation at the very end that actually shows it.

And I have a slide in my presentation at the very end that actually shows it.

Oh, we don't have that one. Just so you know, we don't have that one.

Oh, we don't have that one. Just so you know, we don't have that one.

Okay, well, then I'll just describe it verbally. So that... The geopolitical logic here is simple. It's go where all the money is going to go and buy it first. And so if you knew that everybody was going to move to Manhattan and you could buy 20% of Manhattan in 1650, it would be a good idea.

Okay, well, then I'll just describe it verbally. So that... The geopolitical logic here is simple. It's go where all the money is going to go and buy it first. And so if you knew that everybody was going to move to Manhattan and you could buy 20% of Manhattan in 1650, it would be a good idea.

But maybe more to the point, the British came to the New World and they grabbed the New World and that's what created the British Empire. So... The United States runs the world's reserve currency, but Bitcoin is emerging as the world's reserve capital network if you just want to keep your money forever. And everybody in the world loves that idea. I'd like to just keep my money forever.

But maybe more to the point, the British came to the New World and they grabbed the New World and that's what created the British Empire. So... The United States runs the world's reserve currency, but Bitcoin is emerging as the world's reserve capital network if you just want to keep your money forever. And everybody in the world loves that idea. I'd like to just keep my money forever.

So the smartest thing for the U.S. to do is to buy up as much of that as they can. So you buy a million coin, that's 5% of the network. Buy 4 million coin, you got 20% of the network. Why not buy 20, 25, 30% of the network? If you buy the network, you can buy it for money, which is effectively free. In fact, you could just sell the gold