Michael Saylor, the well-known Bitcoin advocate and founder of MicroStrategy, is set to present a Bitcoin investment strategy to Microsoft’s board of directors in the upcoming month. This move comes after Saylor was given a three-minute slot to make his case for Bitcoin investment during a recent VanEck-hosted X Space event on November 19.
While Saylor accepted the brief presentation opportunity, he mentioned that his request to discuss the matter with Microsoft CEO Satya Nadella has not yet been approved. He expressed, “The activist that put that [Bitcoin purchase] proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation.”
This development follows Saylor’s offer last month to assist Microsoft in generating a trillion dollars through a Bitcoin-based treasury strategy. In a post on X, Saylor invited Nadella to contact him if he is interested in helping “make the next trillion dollars for MSFT shareholders.”
Microsoft shareholders are planning to vote on a proposal to explore Bitcoin as a reserve asset, although the board has advised against adopting the proposal. Notably, major shareholders such as Vanguard, BlackRock, State Street, and Fidelity will play crucial roles in Microsoft’s final decision.
Despite holding $78 billion in cash reserves and investments in companies like Skype and OpenAI, Microsoft has not yet allocated any funds to Bitcoin or related assets. Saylor argues that this approach is narrow-minded and urges tech giants like Microsoft, Apple, and Google to consider Bitcoin as a superior alternative to cash reserves.
Saylor pointed out, “If Apple purchased $100 billion of Bitcoin, it could potentially grow to $500 billion, resulting in a $500 billion business growing at 20% annually.”
MicroStrategy, under Saylor’s leadership, has become the largest corporate Bitcoin holder, owning over 330,000 Bitcoin valued at around $30 billion. Saylor frequently highlights how adopting Bitcoin as a treasury strategy has enabled MicroStrategy to outperform broader markets, making a compelling case for other corporations to follow suit.
In conclusion, Michael Saylor’s upcoming presentation to Microsoft’s board underscores the growing interest in Bitcoin among major corporations. His advocacy for Bitcoin as a treasury asset could potentially pave the way for more companies to diversify their portfolios and embrace the world of cryptocurrency.
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