MicroStrategy’s Michael Saylor to pitch Bitcoin strategy to Microsoft’s board MicroStrategy’s Michael Saylor to pitch Bitcoin strategy to Microsoft’s board
Microsoft's cash-rich reserves could face a potential shift with Saylor's brief but powerful Bitcoin pitch.
2 min read
Updated: Nov. 20, 2024 at 9:28 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Michael Saylor, prominent Bitcoin advocate and founder of MicroStrategy, will present a Bitcoin investment strategy to Microsoft’s board of directors next month.
In a Nov. 19 VanEck-hosted X Space, Saylor shared that he has been allotted three minutes to make a case for Bitcoin investment to Microsoft’s board of directors.
While Saylor agreed to the brief presentation, he noted that his separate request to discuss the matter with Microsoft CEO Satya Nadella has not yet been accepted. He stated:
“The activist that put that [Bitcoin purchase] proposal together contacted to me to present to the board, and I agreed to provide a three-minute presentation.”
The development comes after Saylor made headlines last month by offering to help Microsoft generate a trillion dollars using a Bitcoin-based treasury strategy. In the October X post, Saylor asked Nadella to call him if he wants “to make the next trillion dollars for MSFT shareholders.”
This offer followed news that Microsoft shareholders would vote on a proposal to explore Bitcoin as a reserve asset. Microsoft’s board has recommended against adopting the proposal. However, market observers noted that key shareholders like Vanguard, BlackRock, State Street, and Fidelity would play pivotal roles in the firm’s eventual decision.
Microsoft, holding $78 billion in cash reserves, has substantial investments in companies like Skype and OpenAI but has yet to allocate funds to Bitcoin or related assets. Saylor argues this strategy is short-sighted, urging tech giants like Microsoft, Apple, and Google to view Bitcoin as a superior alternative to cash reserves.
Saylor said:
“If Apple bought $100 billion of Bitcoin, it would likely grow to $500 billion, and the company would have a $500 billion business growing at 20% a year.”
Under Saylor’s leadership, MicroStrategy has become the largest corporate Bitcoin holder, with over 330,000 Bitcoin valued at approximately $30 billion. Saylor often emphasizes how adopting Bitcoin as a treasury strategy has enabled MicroStrategy to outperform broader markets, presenting a compelling case for other corporations to follow suit.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Microsoft
Microsoft is an American multinational technology company that develops, licenses, and sells computer software, consumer electronics, and personal computers.
MicroStrategy
MicroStrategy (Nasdaq: MSTR) is a worldwide leader in enterprise analytics and mobility software.
OpenAI
OpenAI is an AI research and deployment company committed to ensuring that general-purpose artificial intelligence helps all of humanity.
Google LLC is an American multinational technology company that is most commonly known for its search engine that was founded by Sergey Brin and Larry Page in 1998.
Apple
Apple is a multinational American technology company with its main office in Cupertino, California.
Michael Saylor is the Executive Chairman, founder, and principal shareholder of MicroStrategy.