- Michael Saylor set to make a brief, three-minute case for Bitcoin investment to Microsoft’s directors.
- Microsoft will have a meeting on the 10th of December to address Bitcoin as an inflation hedge.
As a seasoned analyst with over two decades of experience navigating the dynamic world of technology and finance, I find myself intrigued by the impending showdown between Bitcoin and Microsoft at their shareholder meeting next week. The fact that Michael Saylor, a prominent figure known for his unwavering support of Bitcoin, is set to make a three-minute pitch to Microsoft’s board of directors is nothing short of fascinating.
The upcoming Microsoft shareholders’ gathering on December 10th is slated to discuss substantial matters, among which is a proposition to examine Bitcoin (BTC) as a means to guard against inflation and economic turmoil.
Michael Saylor to pitch Bitcoin to Microsoft
It has come to light that the chairman of MicroStrategy, Michael Saylor, plans to argue for investing in Bitcoin at Microsoft’s board meeting, which will only last a concise three minutes.
As a researcher, I’d like to highlight that for those who might not be aware, the Microsoft Board of Directors, presided over by CEO Satya Nadella, boasts 12 esteemed members. Among these, you’ll find key executives hailing from renowned corporations such as Disney, Citigroup, Wells Fargo, and GSK.
Remarking on the same in an X Spaces hosted by VanEck on the 19th of November, Saylor said,
An activist who assembled the proposal reached out to me to discuss it with our board. I’ve consented to deliver a brief three-minute presentation during this meeting, which is the maximum time allocated, and I will do so before the Board of Directors.
Michael Saylor’s Bitcoin strategy
Saylor, a dedicated supporter of Bitcoin, has repeatedly shown his devotion to the digital currency, both on a personal level and via his business.
Saylor himself holds at least 17,732 BTC, with an estimated value nearing $1 billion.
Simultaneously, the company where he works, MicroStrategy, has made substantial investments in Bitcoin, amassing a total value of approximately $4.6 billion so far.
Showing continued commitment to Bitcoin, the firm has just purchased an extra 51,780 Bitcoins from the 11th to the 17th of November, as revealed in a recent Securities and Exchange Commission (SEC) document.
What’s more?
Instead, Saylor made clear that he intends to push for Bitcoin adoption within Microsoft’s corporation, in response to his proposal for a one-on-one meeting with CEO Satya Nadella being turned down.
As a researcher, I’m currently examining an interesting trend in the financial market. The National Center for Public Policy Research (NCPPR) has brought to my attention an exceptional performance of MicroStrategy’s Bitcoin-centric investment strategy compared to Microsoft’s stock this year.
This delivered over 300% higher returns, despite MicroStrategy operating at a smaller scale.
Remarking on which, Saylor said,
As a crypto investor, I firmly believe that exploring cryptocurrencies and blockchain technology could be beneficial for every company, including industry giants like Berkshire Hathaway, Apple, Google, and Meta. Given their substantial cash reserves, it seems prudent to consider the potential value these technologies could bring, as failing to do so might inadvertently lead to the erosion of shareholder value over time.
Saylor pointed out that a mere 1.5% of Microsoft’s corporate worth arises from its physical assets, while an astounding 98.5% is linked to its financial performance on a quarterly basis.
He added,
If half of a stock’s value were tied to tangible assets, such as Bitcoin, it would provide greater stability and less risk. Therefore, I believe it’s worth advocating for this change among shareholders.
Market trends
In the last 24 hours, Bitcoin saw an uptick of approximately 0.92%, and was trading at $92,461.02 when this report was compiled.
At the same time, the share price for MicroStrategy (MSTR) significantly increased by 11.89%, reaching $430.54 according to Google Finance data.
This volatility highlights how cryptocurrency performance impacts the market outlook of companies invested in digital assets.
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2024-11-20 14:16