Bitcoin

Resistance

Pitch

Bitcoin advocate and MicroStrategy Chairman Michael Saylor has confirmed his upcoming three-minute presentation to Microsoft’s board of directors on the potential benefits of investing in Bitcoin. Speaking during a November 19 X Spaces <a href="https://x.com/vaneck_us/status/1854915410371457236" rel="noopener noreferrer nofollow">event</a> hosted by VanEck, Saylor revealed that he was invited to address the board after an activist shareholder proposed the initiative.
“The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation—that’s all you’re allowed,” Saylor said. He also noted his earlier private offer to meet with Microsoft CEO Satya Nadella, which was declined.
This development follows Microsoft’s October announcement of a December voting item: whether to conduct an assessment on Bitcoin investments. The proposal, pushed by the National Center for Public Policy Research (NCPPR), highlighted <a href="https://thecoinrise.com/microstrategy-stock-premium-soars-why-benchmark-sees-no-reason-to-worry/" rel="noopener noreferrer nofollow">MicroStrategy’s Bitcoin-driven success</a>, noting that its stock has outperformed Microsoft by over 300% in 2023.
<h2 id="span-style-font-weight-400-the-argument-for-bitcoin-span">The Argument for Bitcoin</h2>
Saylor has been vocal about the potential advantages of Bitcoin as a corporate asset. He believes that companies like Microsoft, with substantial cash reserves, could enhance shareholder value by diversifying their holdings into Bitcoin.
“It’s not a bad idea to put [Bitcoin] on the agenda of every company,” Saylor remarked. He argued that tech giants such as Apple, Google, and Meta should also consider similar strategies. Highlighting Microsoft’s financial structure, he further stated that 98.5% of the company’s enterprise value is tied to its quarterly earnings, leaving only 1.5% in tangible assets.
A shift to include Bitcoin, he suggested, could stabilize Microsoft’s stock and mitigate risk. “There’s a great argument to be made. I think shareholders should make it,” Saylor added.
<h2 id="span-style-font-weight-400-microsoft-s-stance-and-upcoming-vote-span">Microsoft’s Stance and Upcoming Vote</h2>
The shareholder proposal, which is set for a vote on December 10, has faced resistance from Microsoft’s board of directors. The board has also recommended voting against the measure, citing the company’s existing practice of evaluating various investable assets, including Bitcoin.
However, NCPPR deputy director Ethan Peck stated that the proposal could corner Microsoft into justifying its stance if it conducts the assessment and chooses not to invest.
Microsoft’s board comprises 12 members, including prominent figures like CEO Satya Nadella and executives from Disney, Citigroup, and Wells Fargo. As the vote looms, Saylor’s presentation could be a pivotal moment in the ongoing debate over <a href="https://thecoinrise.com/microstrategy-boost-bitcoin-holdings-with-51708-btc-buyup/" rel="noopener noreferrer nofollow">Bitcoin’s role in corporate treasuries</a>.
The post <a href="https://thecoinrise.com/michael-saylor-to-pitch-bitcoin-investment-to-microsoft-despite-resistance/" rel="noopener noreferrer nofollow">Michael Saylor to Pitch Bitcoin Investment to Microsoft Despite Resistance</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Michael Saylor to Pitch Bitcoin Investment to Microsoft Despite Resistance

Table of Contents

TheCoinrise Media

Other articles published on Nov 20, 2024

21Shares Unveils Exciting Staking Feature for Ethereum Core Staking ETP

Phantom takes second spot in Apple’s US App Store utilities category

PlayBlock Rockets to #8 Globally in Blockchain Transactions and Turnover Following DappRadar Listing

Bears Hold a Tight Grip Over the Avalanche Price Rally While Sentiments Are Bullish-Here’s What’s...

Crypto Industry Backs Teresa Goody Guillén for SEC Chair – Here’s Why

Surprise Move from DCG, One of the Largest Cryptocurrency Companies: They Launched Initiative to ...

Join our free newsletter for daily crypto updates!