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Michael Saylor: New SEC Chairman Paul Atkins Will Boost Bitcoin

Bitcoin advocate Michael Saylor believes SEC Chairman Paul Atkins will positively impact Bitcoin. Strategy adds $555 million in BTC, raising holdings to 538,200 BTC.
Published on 2025-04-23

New SEC Chairman Seen as Positive for Bitcoin

Michael Saylor, founder of Strategy and a prominent Bitcoin advocate, has expressed optimism about the new SEC Chairman, Paul Atkins. Saylor shared a video of Atkins swearing in, highlighting his commitment to establishing a "rational, coherent, and principle-based" regulatory framework for digital assets. This approach is expected to foster a favorable environment for Bitcoin and cryptocurrencies.

Strategy Continues Bitcoin Accumulation

Strategy recently purchased an additional 6,556 BTC for approximately $555 million, increasing its total holdings to 538,200 BTC. This significant investment underscores Saylor's confidence in Bitcoin's long-term value. As of April 20, Strategy's Bitcoin holdings are valued at over $50 billion.

Institutional Adoption on the Rise

Saylor also revealed that more than 13,000 financial institutions and 814,000 retail accounts hold MSTR directly. Additionally, an estimated 55 million beneficiaries have indirect exposure to Bitcoin through ETFs, mutual funds, pensions, and insurance portfolios. This widespread adoption highlights the growing institutional interest in Bitcoin.

Conclusion

The combination of regulatory clarity under Chairman Atkins and Strategy's continued Bitcoin accumulation signals a positive outlook for the cryptocurrency market. Saylor's efforts to drive institutional adoption further solidify Bitcoin's role in mainstream finance.

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