Michael Saylor, executive chairman of MicroStrategy, will deliver a three-minute presentation to Microsoft’s board on investing in Bitcoin.
Author: Sahil Thakur
Published 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.
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.
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.
Real voices. Real reactions.
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