MicroStrategy Chairman Michael Saylor will propose a Bitcoin investment to the Microsoft board. Saylor will make this pitch in a three-minute presentation, arguing that investing in Bitcoin will make Microsoft‘s stock value more stable and less risky.
Saylor discussed his upcoming presentation during a VanEck-hosted X Spaces session on November 19. He mentioned that he was given only three minutes for the presentation and stated, “I accepted the offer from activists and I’ll present this to the board.”
Why Bitcoin?
Saylor explained that Microsoft holds significant cash reserves, and linking these reserves solely to profits increases risk. According to Saylor, if a portion of the company’s assets is backed by tangible assets like Bitcoin, it would stabilize the stock price.
Saylor had previously offered to meet Microsoft CEO Satya Nadella privately about the Bitcoin investment, but his offer was declined. He still believes that Bitcoin should be on every major company’s agenda.
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In October, Microsoft announced that a vote will be held in December to assess the possibility of investing in Bitcoin. The proposal, presented by the National Center for Public Policy Research (NCPPR), highlights MicroStrategy‘s Bitcoin strategy and points out that it has outperformed Microsoft by 300%.
Although the Microsoft board is inclined to reject the proposal, the evaluation could put the company in a difficult position. The board includes high-level executives from major companies like Satya Nadella (Microsoft), Walt Disney, Citigroup, Wells Fargo, and GSK.
The vote on whether to invest in Bitcoin will take place on December 10, determining whether Microsoft will move forward with the investment.
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