- Michael Saylor wanted to make a short, three-minute plea for Bitcoin investments to Microsoft executives.
- Microsoft will hold a meeting on December 10 to consider Bitcoin as an inflation hedge.
Microsoft’s upcoming shareholder meeting on December 10 will cover important topics, including a proposal to consider Bitcoin [BTC] as protection against inflation and economic uncertainty.
Michael Saylor will pitch Bitcoin to Microsoft
In a surprising twist, a recent SEC filing revealed that MicroStrategy Chairman Michael Saylor will present his case for Bitcoin investments to Microsoft’s board in a brief three-minute session.
For those who don’t know, Microsoft’s 12-member board, chaired by CEO Satya Nadella, includes top executives from companies like Disney, Citigroup, Wells Fargo and GSK.
Notice the same in an X Spaces hosted by VanEck on November 19, Saylor said:
“The activist who drafted that proposal contacted me to present it to the board, and I agreed to give a three-minute presentation — that’s all you’re allowed to do — and I’m going to present it to the board .”
Michael Saylor’s Bitcoin Strategy
A well-known Bitcoin proponent, Saylor has consistently shown his commitment to the cryptocurrency, both personally and through his company.
Saylor himself owns at least 17,732 BTC, with an estimated value of almost $1 billion.
Meanwhile, his company, MicroStrategy, has invested heavily in Bitcoin, collecting $4.6 billion to date.
To further its commitment to Bitcoin, the company recently acquired an additional 51,780 BTC between November 11 and 17, as revealed in a recent SEC filing.
What’s more?
That said, Saylor expressed his intention to advocate for BTC adoption at Microsoft’s corporate level, following the denial of his request for a private meeting with CEO Satya Nadella.
This effort is supported by the National Center for Public Policy Research (NCPPR), which highlighted that MicroStrategy’s Bitcoin-focused investment approach has significantly outperformed Microsoft stock this year.
This resulted in a more than 300% higher return, despite the fact that MicroStrategy operated on a smaller scale.
Saylor then commented:
“I don’t think it’s a bad idea to put it on every company’s agenda. It should be on the agenda of Berkshire Hathaway and Apple, Google and Meta, because they all have huge amounts of money and they all burn shareholder value.”
Saylor highlighted that only 1.5% of Microsoft’s enterprise value comes from its tangible assets, while the remaining 98.5% is related to quarterly profits.
He added:
“It would be a much more stable stock and a much less risky stock if half of the stock’s enterprise value were based on tangible assets or property like Bitcoin. So I think there’s a great argument to be made. I think shareholders should save it.”
Market trends
Meanwhile, Bitcoin experienced up 0.92% in the last 24 hours, reaching a value of $92,461.02 at the time of reporting.
At the same time, MicroStrategy’s MSTR shares saw a notable rise, rising 11.89% to trade at $430.54. Google Finance.
This volatility highlights how cryptocurrency performance impacts the market prospects of companies investing in digital assets.