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 three minutes to pitch his case for Bitcoin investment during a recent VanEck-hosted X Space event on Nov. 19.
During the event, Saylor revealed that he had agreed to provide a brief presentation to the board, although his request to discuss the matter with Microsoft CEO Satya Nadella has not yet been accepted. Saylor mentioned, “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 presentation follows Saylor’s previous offer to assist Microsoft in generating a trillion dollars using a Bitcoin-based treasury strategy. In an October post, Saylor had urged Nadella to reach out to him if he wanted to help “make the next trillion dollars for MSFT shareholders.”
The proposal to explore Bitcoin as a reserve asset was put forward to Microsoft shareholders, with the board recommending against its adoption. Notably, major shareholders like Vanguard, BlackRock, State Street, and Fidelity are expected to play significant roles in Microsoft’s final decision on the matter.
Despite holding $78 billion in cash reserves and making investments in companies like Skype and OpenAI, Microsoft has yet to allocate funds to Bitcoin or similar assets. Saylor argues that this approach is myopic, encouraging tech giants like Microsoft, Apple, and Google to consider Bitcoin as a superior alternative to traditional cash reserves.
Saylor highlighted the potential growth opportunities, stating, “If Apple bought $100 billion of Bitcoin, it would likely grow to $500 billion, and the company would have a $500 billion business growing at 20% a year.”
Under Saylor’s guidance, MicroStrategy has become the largest corporate holder of Bitcoin, with a portfolio of over 330,000 Bitcoin valued at approximately $30 billion. Saylor often emphasizes 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, Saylor’s upcoming presentation to Microsoft’s board marks another significant step in advocating for Bitcoin adoption among major corporations. The potential impact of such a move could have far-reaching implications for the cryptocurrency market and the broader financial landscape.