Michael Saylor meets with Senator Jim Justice to discuss digital assets

Key Takeaways

• Michael Saylor and Phong Le met with Senator Jim Justice to discuss digital assets.
• Saylor advocates for a US strategic Bitcoin reserve, promoting its potential as a stable and valuable treasury asset.

Michael Saylor visited Washington this week and met with Senator Jim Justice to discuss digital assets.

The Executive Chairman of Strategy on Thursday shared a photo on X highlighting his engagement with Justice. The photo features Saylor alongside Strategy CEO Phong Le, with the group posing alongside the senator’s famous bulldog, Babydog.

In his post, Saylor praised the West Virginia senator for advocating for market neutrality and championing the digital asset industry during recent discussions with MSCI.

A strong supporter of Bitcoin, Justice cosponsored the BITCOIN Act, introduced by Senator Cynthia Lummis, to create a Strategic Bitcoin Reserve. He also advocates for regulatory clarity that shields consumers from fraud while fostering innovation without excessive federal control.

This week, MSCI decided to maintain the current inclusion of digital asset treasury companies, including Saylor’s firm, in its Global Standard Indexes for the time being, following mixed feedback from institutional investors.

The index provider said it would conduct further research and consultation before making future changes, while temporarily freezing index adjustments such as share count increases or size migrations for the affected companies.