Michael Saylor, executive chairman of MicroStrategy, has proposed a "bill of digital rights" as a framework for the digital asset economy. In an essay posted on social media Saturday, Saylor argued that an age of artificial intelligence and digital assets requires expanded freedoms rather than restrictions to realize economic potential.
Saylor outlined five fundamental rights that should apply to both individuals and companies:
- The freedom to create new digital assets
- The freedom to issue them to the market to finance business and productivity
- The right to hold digital assets or choose a custodian
- The right to transfer assets among people, companies, wallets and service providers
- The right to use assets, including the ability to spend, invest, earn income, and borrow against them
"An asset's value depends on what its owner can do with it. Restrict its usefulness, and you restrict its economic potential," Saylor wrote.
According to Saylor, digital intelligence will automate jobs and make many products obsolete, making future prosperity dependent on the ability to create new businesses and opportunities at scale. He stated that "our ambition should be to enable 10 million new companies to raise capital."
MicroStrategy, the world's largest corporate Bitcoin holder, resumed purchasing Bitcoin after a two-week pause, acquiring 950 BTC for $75.7 million at an average price of $79,670 per coin. The company's total holdings reached 846,000 BTC, acquired for approximately $63.8 billion at an average cost of $75,416 per coin.
