Michael Saylor, co-founder of Strategy, has proposed a change in the approach to digital assets through a "bill of digital rights," which aims to foster innovation and improve access to capital. In his essay published on Saturday, he argues that the era of digital assets and intelligence requires new freedoms rather than restrictions. Saylor believes that to realize the potential of artificial intelligence, which can increase production, more efficient monetary and capital markets are needed. Saylor highlights five key rights that digital assets should possess. The first right – the freedom to create new digital assets. The second – the right to issue them on the market for business financing and productivity enhancement. The third – the right to own them or choose a custodian. The fourth – the right to transfer assets between individuals, companies, wallets, and services. The fifth – the right to use them for spending, investing, earning income, and borrowing.
These rights should apply to both individuals and companies. Saylor emphasizes that "the value of an asset depends on what its owner can do with it. By limiting its utility, you limit its economic potential." He also adds that in the context of job automation and the obsolescence of many products, future prosperity will depend on the ability to quickly create new enterprises and opportunities. Saylor concludes by asserting that "our ambition should be to enable 10 million new companies to access capital."
Additionally, in his comments, Saylor included information that Strategy has resumed purchasing Bitcoin after a two-week hiatus, acquiring 950 BTC worth $75.7 million at an average price of $79,670 per coin. This increases the company's total Bitcoin holdings to 846,000, which were purchased for approximately $63.8 billion at an average cost of $75,416 per coin. At the time of publication, Bitcoin was trading at approximately $84,523. Saylor calls for digital dollars to compete in yield and "move at the speed of light." He believes that banks and fintech companies should offer digital dollars through devices and applications that people already use. In conclusion, he noted that "where the law hinders this, the law must change."
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