Michael Saylor proposes Bitcoin investment to Microsoft board, urging potential profits ahead of December shareholder meeting decision on cryptocurrency.
MicroStrategy’s executive chairman, Michael Saylor, is set to give a three-minute presentation to Microsoft’s board of directors. The focus will be on the potential of investing in Bitcoin. This announcement follows his appearance on VanEck’s X Spaces on November 19, where he revealed his plans.
Saylor said the idea was suggested by an activist who called him to present it to the board. He accepted to make the presentation while pointing out that he would do it for a limited time only. “I agreed to provide a three-minute presentation,” Saylor said during the session.
Microsoft is among the biggest technology firms globally, and at the moment, it has $78bn in cash. Although Microsoft has plenty of money it has not bought Bitcoin or any other cryptocurrency yet. That said, the company has invested in a number of companies, including OpenAI, but it has not invested in cryptocurrency.
Saylor is of the opinion that Microsoft stands to gain much in case it decides to invest on Bitcoin market. He notes that 1.5% of the company’s stock value is based on intangible assets and the rest is fixed on quarterly earnings. He says that this shows the possibility of diversification through Bitcoin.
Saylor Proposes Bitcoin Investment Ahead of Microsoft’s December Meeting
This proposal cannot come at any other time other than now. In October, Microsoft put up voting items for their December shareholders meeting where they could review future investment prospects. Saylor’s offer comes just ahead of this meeting, with a clear goal: for the purpose of achieving the highest possible profits of shareholders.
On October 26, Saylor directly addressed Satya Nadella, the CEO of Microsoft, for the company’s continued support of bitcoin. In his message, Saylor suggested investing in Bitcoin could generate great revenues. “If you want to make the next trillion dollars for $MSFT shareholders, call me,” he said.
As the shareholder meeting is scheduled on December 10, Saylor’s proposal has gained much attention. This has led to the debate on whether Microsoft can accept Bitcoin or not. Saylor, being a chief executant of MicroStrategy, is highly influential as a Bitcoin supporter in the discourse on cryptocurrencies in business.
As Microsoft’s shareholders get ready for the next meeting, the concept of embracing Bitcoin is trending. The company faces a key decision: to enter or reject the cryptocurrency market. Shareholders will soon have the chance to weigh in on the matter. The outcome will determine Microsoft’s future in the digital asset space.
