Michael Saylor to present Bitcoin investment strategy to Microsoft’s board
Key Takeaways
- Michael Saylor will present a Bitcoin investment strategy to Microsoft’s board.
- The board previously argued that Microsoft already evaluates various assets, including Bitcoin, and that their current focus is on stability and minimizing risk.
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Michael Saylor will share his insights on Bitcoin investment strategies in a three-minute presentation to Microsoft’s board of directors, following a proposal from the National Center for Public Policy Research (NCPPR)—who urged Microsoft to consider Bitcoin investment.
“The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation,” said MicroStrategy co-founder and Executive Chairman during a X Spaces event hosted by VanEck. “I’m going to present it to the board of directors.”
Saylor has publicly encouraged Microsoft to consider adding Bitcoin to its treasury. He believes it can make “the next trillion dollars” for Microsoft shareholders.
Companies like Berkshire Hathaway, Apple, Google, and Meta (formerly Facebook) should discuss and evaluate Bitcoin as a potential investment, Saylor suggested, “because they all have huge hordes of cash, and they’re all burning shareholder value.”
Microsoft shareholders are scheduled to vote on a proposal to consider adding Bitcoin to its balance sheet on December 10. Top shareholders include major financial institutions like Vanguard Group, BlackRock, State Street, and Fidelity Management & Research.
Vanguard, a known crypto skeptic, has also invested in MicroStrategy’s stock (MSTR), as well as shares of other crypto firms like Coinbase and MARA Holdings. As of September 30, the asset management giant reported holding approximately 16 million MSTR shares.
MicroStrategy’s Bitcoin strategy has led to huge stock price appreciation, outperforming Microsoft’s stock (MSFT) performance.
According to data from Yahoo Finance, MicroStrategy’s stock jumped to a fresh record high at market close on Tuesday. It has skyrocketed 581% so far this year, while Microsoft’s stock has seen around 12% gains over the same timeframe.
The NCPPR previously used MicroStrategy’s Bitcoin strategy to persuade Microsoft leadership about Bitcoin buying tactics. They noted that the company’s share price had outperformed Microsoft’s.
Microsoft’s board initially recommended voting against the proposal, stating they already “evaluate a wide range of investable assets,” including Bitcoin. While there is interest from certain shareholders, Microsoft’s top priority is artificial intelligence.
However, Ethan Peck, deputy director of the NCPPR’s Free Enterprise Project, warned that the assessment could trigger a shareholder lawsuit if they decide not to invest in Bitcoin and the asset’s value subsequently rises.
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