Michael Saylor Says Top U.S. Banks Have Contacted Him for Bitcoin Advice

Michael Saylor, the founder of the business intelligence firm Strategy, stated at the ongoing Bitcoin MENA 2025 event that major traditional banks in the United States have contacted him to seek advice on Bitcoin.

Saylor – A Sought-After Bitcoin Consultant

Over the past years, many traditional banks have refrained from engaging with crypto assets, mostly due to their volatility. However, most of these financial institutions have gradually begun to lean towards cryptocurrencies, such as Bitcoin. In his comment, Saylor said:

“In the past six months, I have noted and been approached by BNY Mellon, Wells Fargo, Bank of America, Charles Schwab, JPMorgan, [and] Citi. They’re all starting to issue credit against either bitcoin or bitcoin derivatives like [BlackRock’s] IBIT.”

Since 2020, Saylor has built a reputation for constantly accumulating BTC through his company, Strategy (formerly MicroStrategy). Following the firm’s latest purchase, announced yesterday, its BTC portfolio was 660,624 BTC (worth over $59.7 billion). The most fascinating part is that the business intelligence company is determined not to sell its BTC stash as long as BTC’s price does not drop $10,400.

Influenced by his commitment to Bitcoin, Saylor’s company changed its name from MicroStrategy to Strategy and logo to reflect the apex coin’s logo. Being a vocal Bitcoin proponent, conventional banks see him as a Bitcoin consultant who can help them navigate their way through the Bitcoin ecosystem and broader crypto market.

U.S. Banks Embrace Crypto

Under the Trump administration, various regulators have issued guidelines that favor the crypto ecosystem. In July, federal banking regulators confirmed that local banks can custody bitcoin and other cryptocurrencies on behalf of their customers.

Since then, several major banks have made moves to embrace the crypto industry. For instance, JPMorgan noted in late July that it would allow its customers to secure loans backed by their crypto holdings. In other news, BNY Mellon was selected as custodian for Ripple’s stablecoin, RLUSD.

Earlier this month, the Bank of America disclosed that it would allow its clients to allocate 1-4% of their assets to crypto from January.

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