- Michael Saylor will get another chance to convince the Microsoft Board to buy Bitcoin.
- Through MicroStrategy’s influence, more traditional companies have started buying BTC.
MicroStrategy’s Chairman Michael Saylor is set to deliver a 3-minute speech to Microsoft’s Board of Directors. Notably, Saylor will make the case for why the tech giant should consider adding Bitcoin (BTC) to its investment strategy. He sees this move as a game-changer for Microsoft and the finance industry, particularly as Bitcoin inches closer to the $100,000 mark.
Will Michael Saylor Win Microsoft Board Over?
Michael Saylor is a long-time supporter of Bitcoin. He has often described Bitcoin as an attractive investment asset with more long-term appreciation potential than holding cash. However, his recent push to persuade Microsoft to invest in Bitcoin goes beyond merely endorsing the digital asset. Saylor thinks Bitcoin might contribute to Microsoft’s stock stabilization.
He contends that Microsoft could reduce stock volatility and improve long-term financial stability by adding Bitcoin to its balance sheet. Saylor sees Bitcoin as a reliable store of value that might benefit large corporations such as Microsoft.
During an interview at a VanEck X Spaces event, Saylor said he had received a message from an activist group supporting the Bitcoin proposal. The group encouraged him to address the Microsoft board directly. With only one opportunity to present his argument, Saylor intends to make a short but powerful Bitcoin pitch.
Meanwhile, Saylor previously attempted to set up a private meeting with Microsoft CEO Satya Nadella to discuss Bitcoin investment benefits. Unsurprisingly, Nadella turned down the request. His upcoming pitch presents a new opportunity for him to make a strong case for Bitcoin.
Microsoft’s shareholders will vote for the proposal on December 10, with the National Center for Public Policy Research (NCPPR) support. MicroStrategy’s Bitcoin investment has outpaced Microsoft’s stock by more than 300% this year alone, according to the NCPPR.
Michael Saylor thinks other big corporations like Google, Apple, and Berkshire Hathaway are missing out by not including Bitcoin in their portfolios.
Institutions Shifting Towards BTC
Nevertheless, more businesses now realize Bitcoin’s value as a reserve asset. For instance, Metaplanet, a listed Japanese company, adopted a Bitcoin-based strategy in April 2024. Since then, the firm has made large Bitcoin purchases at least once every month.
CNF reported that Metaplanet’s Bitcoin-based strategy led to a 443.2% surge in its stock price in 2024.
Elon Musk’s automotive company, Tesla,, has substantial Bitcoin holdings. While Tesla does not follow MicroStrategy’s accumulation approach, the firm currently owns over a billion dollars worth of BTC, per a CNF report.
Per MicroStrategy, the firm now holds over $30 billion in Bitcoin and continues to add to its reserves. Saylor argues that Bitcoin offers a solid option for companies wanting to protect their value against rising inflation and global economic uncertainty.
At press time, BTC price traded at $93,667, demonstrating a 1.48% increase in the last 24 hours, with the market cap standing at $1.8 trillion.
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Source: https://www.crypto-news-flash.com/microsoft-board-to-hear-michael-saylors-3-minute-bitcoin-strategy-pitch/?utm_source=rss&utm_medium=rss&utm_campaign=microsoft-board-to-hear-michael-saylors-3-minute-bitcoin-strategy-pitch