Bitcoin

MicroStrategy’s executive chairman, Michael Saylor, will give a presentation about investing in Bitcoin to Microsoft’s board in just three minutes. 
This announcement came after Michael Saylor joined VanEck’s <a rel="nofollow" href="https://x.com/vaneck_us/status/1854915410371457236" target="_blank">X Spaces</a> on Nov. 19. In a very limited time, he will ask the board of directors to invest their massive allocation into Bitcoin. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “The activist that put that proposal together contacted to me to present to the board, and I aggreed to provide a three-minute presentation,” Saylor says on X Spaces. 
</blockquote> 
<a rel="" href="https://crypto.news/tag/microsoft/">Microsoft</a> is one of the biggest tech companies in the world, with $78 billion in cash. The company also manages multiple investments in various companies, such as OpenAI, but none of their funding invests in Bitcoin, cryptocurrency, or any crypto-related products. 
Saylor says that 1.5% of the stock value comes from intangible assets, while the rest of it is leveraged into quarterly earnings. Earlier this October, Microsoft had voting items for December, which would be an assessment time for investing in Bitcoin. 
If the company accepts Saylor’s presentation, it would significantly impact the company and the market, as one of the oldest tech companies would bring in their funding into Bitcoin. 
 Read more: <a rel="" href="https://crypto.news/microstrategy-raises-1-75-billion-to-acquire-bitcoin/"> MicroStrategy raises $1.75 billion to acquire more Bitcoin </a> 
<h2 class="wp-block-heading" id="michael-saylor-ever-reached-nadella-on-x">Michael Saylor ever reached Nadella on X</h2> 
Microsoft CEO Satya Nadella was ever reached by Saylor <a rel="nofollow" href="https://x.com/saylor/status/1849790766945587241" target="_blank">on X</a>, Oct. 25. He mentioned that he could contact Saylor if the company he led wanted to make another trillion dollars for the shareholders. 
Saylor also noted that <a rel="" href="https://crypto.news/tag/microstrategy/">MicroStrategy</a> shares (MSTR) have seen a skyrocketing stock increase in the past year, which rose to 331%. The institutional and corporate adoption that has risen in recent years is going to be commonplace in the near future. 
MicroStrategy’s stocks have risen even further, up to 2,735% in the past 5 years since they became the first company in the world to acquire Bitcoin into their balance sheet. 
 You might also like: <a rel="" href="https://crypto.news/microstrategy-added-4-6b-in-bitcoin-to-holdings/"> MicroStrategy added $4.6b in Bitcoin to holdings </a>

Michael Saylor to present investing in Bitcoin to Microsoft board

Table of Contents

crypto.news

Other articles published on Nov 20, 2024

Quantoz Unveils MiCA-Compliant Stablecoins USDQ and EURQ Backed by Tether and Kraken

USCC suggests setting up a Manhattan-like project in the US

What Are Soulbound Tokens? A Beginner’s Guide to SBTs

Cardano attained an 18-month high today, following the whale’s transactions

Phishing Attack Failed?! Crypto Scammer Returns $129 Million in USDT

XRP Breaks $1, But Can It Overcome SEC Lawsuit and Thrive?

Join our free newsletter for daily crypto updates!