In a bid to help convince the Microsoft Board to adopt Bitcoin, Michael Saylor will be making a 3-minute advocacy presentation
Bitcoin evangelist and Executive Chairman of MicroStrategy Michael Saylor has agreed to spread the “gospel” of Bitcoin to Microsoft’s board of directors. Saylor announced his willingness to deliver a three-minute presentation on the advantages of investing in the world’s leading digital asset.
Will Microsoft Adopt MicroStrategy’s Bold Bitcoin Strategy?
Saylor’s readiness to make the presentation came to light during an X Spaces event hosted by VanEck. According to Saylor, the National Center for Public Policy Research (NCPPR) approached him to do the presentation. The NCPPR has been behind the idea and wants to see it happen.
At the Space event, Saylor reiterated the importance of integrating Bitcoin into the investment plans of Microsoft and major corporations. He emphasized that doing so could help stabilize their stocks and lower risks.
This has been the approach adopted by Saylor’s MicroStrategy, which recently added a staggering 51,780 Bitcoin (BTC) to its reserves. The recent purchase cost MicroStrategy about $4.6 billion at an average price of $88,627 per BTC. It increased the business intelligence firm’s total holdings to 331,200 BTC, amounting to $30.97 billion at the current market rate.
Interestingly, Saylor reached out to Satya Nadella, Microsoft CEO, in an X post on October 25, asking for a private audience. He proposed revealing how Microsoft could make the next trillion dollars for its shareholders. The confidence exuded in the post suggests that Saylor had a blueprint already mapped out, possibly from MicroStrategy’s investment plan.
Although Nadella did not oblige Saylor, the Bitcoin enthusiast appears keen on presenting to the Microsoft board, which the NCPPR facilitated. It remains unclear if this presentation would sway Microsoft members’ minds.
Microsoft’s Resistance and the Upcoming Vote
Before this time, Microsoft’s board called on shareholders not to accept a proposal to convert at least 1% of the company’s assets to Bitcoin. Notably, the shareholder proposal voting has been scheduled to be held on December 10.
Microsoft’s board stated that they were evaluating different possible investment assets. However, stakeholders remain interested in what options they might come up with and if Saylor’s pitch will make them reconsider Bitcoin as one of the investable assets.
Experts say MicroStrategy, a technology company like Microsoft, has profited from its aggressive Bitcoin accumulation strategy. In 2024, MicroStrategy’s MSTR surpassed Microsoft’s by over 310%. The crucial reason for this wide difference lies in MicroStrategy’s Bitcoin exposure since 2020. MicroStrategy has consistently made periodic purchases to increase its holdings on Bitcoin.
As of this writing, the bullish sentiments in the broader cryptocurrency market have held on, with BTC currently trading for $93,456.93. The market volume has also stayed up by 4.52% to $76.62 billion, indicating continued investors’ interest in the coin.
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