
Michael Saylor to Present Bitcoin Investment Proposal to Microsoft’s Board
Michael Saylor, executive chairman of MicroStrategy, will deliver a three-minute presentation to Microsoft’s board on investing in Bitcoin.
Author: Sahil Thakur
Written On: Wed, 20 Nov 2024 09:00:51 GMT
Michael Saylor, executive chairman of MicroStrategy, will deliver a three-minute presentation to Microsoft’s board on investing in Bitcoin. This opportunity arises after an activist shareholder pushed for Bitcoin to be considered as part of Microsoft’s investment strategy.
Key Points:
- Microsoft’s board will vote on a proposal assessing Bitcoin investment on December 10.
- Saylor highlighted MicroStrategy’s Bitcoin success, noting its shares outperformed Microsoft by over 300% this year.
- Microsoft’s board opposes the proposal, citing an existing evaluation of a wide range of investable assets, including Bitcoin.
Bitcoin on the Agenda
The proposal, backed by the National Center for Public Policy Research (NCPPR), emphasizes Bitcoin as a way to enhance Microsoft’s shareholder value. It draws on MicroStrategy’s example, where Bitcoin adoption contributed to a 2,735% increase in its stock value over five years.
Saylor argues that tangible assets like Bitcoin could stabilize Microsoft’s stock. “If half the enterprise value was based on tangible assets like Bitcoin, it would be less risky,” he said during a Nov. 19 X Spaces hosted by VanEck.
Board’s Perspective and Voting
Microsoft’s board, led by CEO and Chairman Satya Nadella, has recommended voting against the proposal. The company believes its current investment strategy already considers diverse assets, including Bitcoin.
If passed, the assessment could challenge Microsoft to justify a decision not to invest in Bitcoin, potentially placing it in a difficult position, according to Ethan Peck of NCPPR.
The outcome of the shareholder vote will indicate whether one of the world’s largest tech companies might take steps toward Bitcoin investment.
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In this article
Key Points:
Bitcoin on the Agenda
Board’s Perspective and Voting