Michael Saylor Set to Present Bitcoin Proposal to Microsoft in a Brief Session
Microsoft’s upcoming annual meeting, scheduled for December 10th, will cover various important topics, one of which involves considering Bitcoin [BTC] as a safeguard against inflation and economic uncertainties.
Michael Saylor’s Plan to Advocate for Bitcoin at Microsoft
In a surprising development, an SEC filing recently disclosed that Michael Saylor, Chairman of MicroStrategy, will make a concise three-minute pitch on investing in Bitcoin to Microsoft’s board members.
Microsoft’s board consists of twelve members, led by CEO Satya Nadella, including high-ranking executives from companies such as Disney, Citigroup, Wells Fargo, and GSK.
During an X Spaces event hosted by VanEck on November 19th, Saylor shared his upcoming presentation, stating,
“The activist behind the proposal contacted me to speak before the board, and I agreed to a concise three-minute presentation—limited time for discussion. I will present it to Microsoft’s board of directors”.
Insights into Michael Saylor’s Bitcoin Strategy
Michael Saylor, a prominent Bitcoin advocate, has consistently shown strong support for the cryptocurrency, both personally and through his firm.
Saylor himself holds a minimum of 17,732 BTC, valued at nearly $1 billion.
Furthermore, MicroStrategy has made substantial investments in Bitcoin, amassing a total of $4.6 billion in BTC to date.
Confirming its dedication to Bitcoin, the company recently acquired an additional 51,780 BTC between November 11th and 17th, as disclosed in a recent SEC filing.
What Else to Expect?
In light of this, Saylor aims to promote BTC adoption within Microsoft’s operations after his initial request for a private talk with CEO Satya Nadella was turned down.
This initiative is backed by the National Center for Public Policy Research (NCPPR), which emphasized that MicroStrategy’s Bitcoin-centric investment approach has significantly outperformed Microsoft’s shares during the year, delivering over 300% higher returns despite operating on a smaller scale.
Expressing his thoughts on this matter, Saylor mentioned,
“It might be beneficial to incorporate it into the agenda of every major company, including Berkshire Hathaway, Apple, Google, and Meta, as they all possess substantial cash reserves leading to shareholder value depletion.”
Saylor highlighted that merely 1.5% of Microsoft’s business value is tied to tangible assets, with the remaining 98.5% linked to quarterly earnings.
He further added,
“By diversifying the enterprise value with tangible assets like Bitcoin, the stock would become more stable and less volatile. I believe shareholders should articulate this viewpoint.”
Current Market Trends
Meanwhile, Bitcoin recorded a 0.92% increase over the past 24 hours, reaching $92,461.02 at the time of writing.
Simultaneously, MicroStrategy’s stock, MSTR, witnessed a significant uptick, rising by 11.89% to hit $430.54 according to Google Finance data.
This market volatility underscores how the performance of cryptocurrencies affects the financial prospects of companies with investments in digital assets.