Key Takeaways:
- Saylor’s Bitcoin Pitch to Microsoft: Michael Saylor will deliver a three-minute presentation to Microsoft’s board advocating for Bitcoin investment after a shareholder proposal by NCPPR.
- Performance Argument: The proposal cites MicroStrategy’s 300% stock outperformance over Microsoft in 2023, highlighting Bitcoin’s potential to stabilize and diversify cash reserves.
- Microsoft’s Stance: Despite the pitch, Microsoft’s board recommends voting against the proposal, citing its existing investment strategy.
MicroStrategy Chairman Michael Saylor, a prominent Bitcoin advocate, is set to deliver a three-minute presentation to Microsoft’s board of directors advocating for Bitcoin investment.
The presentation follows a proposal submitted by the National Center for Public Policy Research (NCPPR) urging Microsoft to evaluate Bitcoin as an asset.
BREAKING: Michael Saylor to present to the Microsoft Board next month on buying #Bitcoin for their corporate treasury.
— Bitcoin Archive (@BTC_Archive) November 19, 2024
Microsoft holds +$78 BILLION in cash. pic.twitter.com/zLpHXYUY00
Despite initially proposing a private meeting with Microsoft CEO Satya Nadella, Saylor’s pitch will now be presented to the entire board.
Saylor highlighted MicroStrategy’s Bitcoin strategy, noting its 300% outperformance of Microsoft stock in 2023.
He argued that Bitcoin could stabilize Microsoft’s stock by diversifying its assets and reducing dependence on quarterly earnings, which currently account for 98.5% of its valuation.
Michael Saylor says #Bitcoin should be on the agenda of every company as he discusses his presentation to the Microsoft board later this month.
— Bitcoin Archive (@BTC_Archive) November 20, 2024
pic.twitter.com/Z97FFNnDBm
Saylor suggested that major corporations like Apple, Google, and Meta should also consider Bitcoin for their cash reserves.
Microsoft’s board, however, has recommended shareholders vote against the proposal, citing an already diverse asset strategy.
The final decision will be made during a shareholder vote on December 10.
The board includes CEO Satya Nadella and executives from companies like Disney and Citigroup.
Saylor emphasized that Bitcoin could enhance corporate value and reduce risk, calling for broader adoption across major firms.
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