Michael Saylor, the chairman of MicroStrategy, is set to deliver a brief presentation to Microsoft's board of directors, urging them to consider investing in Bitcoin
During a discussion on X Spaces hosted by VanEck on November 19, Saylor explained that he had been approached by the activist responsible for the proposal and agreed to deliver a three-minute presentation, the maximum time permitted.
Previously, Saylor had attempted to discuss the matter privately with Microsoft's CEO and Chairman, Satya Nadella, but his offer was declined. As a result, he is preparing to submit his proposal directly to the board.
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The National Center for Public Policy Research (NCPPR) introduced the proposal, highlighting that MicroStrategy's Bitcoin investment strategy has led its stock to outperform Microsoft's by over 300% this year despite being a much smaller company.
Saylor pointed out that 98.5% of Microsoft's enterprise value is tied to its quarterly earnings, with only 1.5% based on tangible assets. He argues that incorporating Bitcoin into the company's assets could make the stock more stable and less risky, adding:
I think it's not a bad idea to put it on the agenda of every company. It ought to be put on the agenda of Berkshire Hathaway and Apple and Google and Meta because they all have huge hordes of cash, and they’re all burning shareholder value.
Despite the proposal, Microsoft's board recommends shareholders to vote against it, asserting that they already evaluate a wide range of investment options, including Bitcoin. The vote is scheduled for December 10.
The upcoming vote presents an important opportunity for Microsoft shareholders to influence the company's investment strategy regarding Bitcoin.
In other news, Pennsylvania might invest up to 10% of its treasury funds in Bitcoin. How could this be beneficial? Read the full story.
