
MicroStrategy Chairman Michael Saylor, a prominent advocate for Bitcoin, has announced plans to present a compelling three-minute pitch to Microsoft’s board of directors. His aim? To persuade the tech giant to consider Bitcoin as a strategic investment to stabilize its stock and mitigate risks.
Speaking during a November 19 X Spaces session hosted by VanEck, Saylor disclosed, “The activist who proposed this initiative reached out to me to make the case to Microsoft’s board, and I’ve agreed to deliver a three-minute presentation. That’s the time I’m allotted, and I intend to make the most of it.”
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Saylor had previously extended a private invitation to meet with Microsoft CEO Satya Nadella to discuss the benefits of Bitcoin adoption confidentially. However, the proposal was declined. Saylor now plans to formalize his arguments in a brief yet impactful presentation directly to Microsoft’s leadership.
Microsoft to Vote on Bitcoin Investment Proposal
Microsoft’s board of directors will review the shareholder proposal, initiated by the National Center for Public Policy Research (NCPPR), during their December 10 meeting. The proposal suggests conducting an evaluation of Bitcoin as an investment.
— VanEck (@vaneck_us) November 8, 2024
Highlighting MicroStrategy’s success, the NCPPR noted that the company’s Bitcoin-focused strategy has driven its stock price to outperform Microsoft’s by over 300% this year, despite MicroStrategy being a fraction of Microsoft’s size.
Saylor emphasized, “This is a discussion every major company should have, from Apple to Google to Meta. These firms have enormous cash reserves but are missing the opportunity to enhance shareholder value through Bitcoin.”
The Argument for Bitcoin as a Tangible Asset
According to Saylor, Microsoft’s enterprise value is overwhelmingly tied to its quarterly earnings, with just 1.5% linked to tangible assets. He believes Bitcoin could serve as a stabilizing force, reducing the stock’s risk profile.
“A significant portion of Microsoft’s enterprise value could benefit from being anchored to tangible assets like Bitcoin,” Saylor explained. “Shareholders deserve to consider this strategy as a means of creating a more stable, less risky stock.”
Microsoft’s Initial Stance and Shareholder Implications
Microsoft’s board has recommended voting against the proposal, citing their existing evaluation of a wide range of investable assets, including Bitcoin. However, Ethan Peck, deputy director of the NCPPR’s Free Enterprise Project, suggested that if Microsoft conducts the assessment but opts not to invest, it could face increased scrutiny from shareholders.
Microsoft’s leadership team, comprising 12 board members—including representatives from The Walt Disney Company, Citigroup, Wells Fargo, and GSK—will weigh the proposal carefully.
What’s at Stake for Bitcoin and the Crypto Industry
A positive vote on the Bitcoin investment proposal could mark a watershed moment for the broader crypto industry. Institutional interest in Bitcoin, coupled with regulatory clarity, is poised to play a pivotal role in the upcoming bull run of 2024.
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Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other advice, and should not be treated as such. Coin Push Crypto Alerts does not recommend buying, selling, or holding any cryptocurrency. Always conduct your due diligence and consult a financial advisor before making any investment decisions.
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