Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Microsoft’s shareholder meeting on December 10th will discuss the possibility of using Bitcoin as a hedge against inflation.</li> 
 <li>MicroStrategy Chairman Michael Saylor will present a three-minute case for Bitcoin investment to Microsoft’s board.</li> 
</ul>  
<p>Microsoft is gearing up for an important shareholder meeting on December 10th. The agenda includes a significant proposal: considering <a href="https://coineagle.com/price/bitcoin/">Bitcoin</a> as a hedge against inflation and economic instability. </p> 
<h2 id="michael-saylor-advocates-for-bitcoin">Michael Saylor Advocates for Bitcoin</h2> 
<p>In an unexpected turn of events, a recent filing with the Securities and Exchange Commission (SEC) disclosed that MicroStrategy Chairman Michael Saylor is slated to present his argument for Bitcoin investment to the Microsoft board in a concise three-minute session. </p> 
<p>Microsoft’s board, which is chaired by CEO Satya Nadella, comprises senior executives from prominent companies like Disney, Citigroup, Wells Fargo, and GSK. Saylor confirmed his presentation during an X Spaces event hosted by VanEck on November 19th. </p> 
<p>Saylor, a recognized Bitcoin proponent, has repeatedly shown his dedication to the cryptocurrency, both personally and through his company. He owns approximately 17,732 BTC, worth nearly $1 billion. His company, MicroStrategy, has also heavily invested in Bitcoin, amassing $4.6 billion worth to date. </p> 
<h2 id="microstrategy-s-bitcoin-strategy">MicroStrategy’s Bitcoin Strategy</h2> 
<p>The company recently purchased an additional 51,780 BTC between November 11th and 17th, according to an SEC filing. Saylor has expressed his intention to promote BTC adoption at the corporate level within Microsoft, following Satya Nadella’s refusal for a private discussion. </p> 
<p>The National Center for Public Policy Research (NCPPR) supports this initiative, noting that MicroStrategy’s Bitcoin-centric investment strategy has significantly outperformed Microsoft’s stock this year, delivering over 300% higher returns, despite operating on a smaller scale. </p> 
<p>Saylor suggested that every company, including Berkshire Hathaway, Apple, Google, and Meta, should consider Bitcoin, given their substantial cash reserves. He highlighted that only 1.5% of Microsoft’s enterprise value comes from its tangible assets, while the remaining 98.5% is connected to its quarterly earnings. </p> 
<p>In the last 24 hours, Bitcoin saw a 0.92% increase, reaching a value of $92,461.02. At the same time, MicroStrategy’s stock MSTR experienced a significant surge, climbing 11.89% to trade at $430.54, according to Google Finance. This fluctuation underscores how the performance of cryptocurrencies can influence the market outlook of companies invested in digital assets. </p>

Michael Saylor’s Three-Minute Bitcoin Pitch to Microsoft: A Game-Changer?

Table of Contents

CoinEagle.com

Other articles published on Nov 20, 2024

XRP, Solana attracts investors as this new alternative promises massive gains

SuperEx丨BTC Surges Past $90,000: Analyzing Bull Market Signals Through Data

South Korea to Push 20% Crypto Tax in 2025 with $35K Exemption

Mercado Bitcoin launches MBRL stablecoin backed by the Brazilian real on Tron

OpenSea Unveils Major Upgrade to NFT Marketplace, Set to Launch in December

Will Solana Break Key Resistance or Fall to Support Levels?

Join our free newsletter for daily crypto updates!