Bitcoin

Apple

Meta

Bitcoin advocate and MicroStrategy Chairman Michael Saylor has confirmed plans to make a three-minute presentation to Microsoft’s board of directors on the potential benefits of investing in Bitcoin.
“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 — and I’m going to present it to the board of directors,” Saylor stated during a Nov. 19 X Spaces session hosted by VanEck.
Previously, Saylor had proposed a private meeting with Microsoft CEO Satya Nadella to discuss Bitcoin, but the offer was declined. “So you will see me putting together the three-minute proposal for Microsoft […], and we’ll send it to the board,” he added.
Microsoft announced in October that its December agenda includes a shareholder vote on whether the company should assess investing in Bitcoin.
The proposal, introduced by the National Center for Public Policy Research (NCPPR), noted MicroStrategy’s Bitcoin investment strategy and highlighted that its stock has outperformed Microsoft by over 300% this year despite having a smaller business footprint.
Saylor advocated for similar discussions across other major corporations, saying, “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.”
He argued that integrating Bitcoin into Microsoft’s enterprise value would provide greater stability. “It would be a lot more stable stock and a much less risky stock if half of the enterprise value of the stock was based upon tangible assets or property like Bitcoin,” he explained.
The shareholder vote is scheduled for Dec. 10, though Microsoft’s board has advised voting against the proposal, citing their ongoing evaluation of various investable assets, including Bitcoin.
Ethan Peck, deputy director of NCPPR’s Free Enterprise Project, pointed out that conducting the assessment and deciding against Bitcoin could place Microsoft in a challenging position.
The board currently includes 12 members, such as Nadella and executives from Disney, Citigroup, and Wells Fargo.

Michael Saylor to Hold Presentation on Buying BTC to Microsoft Board Ahead of Vote

Crypto Intelligence

Other articles published on Nov 21, 2024

Mara Holdings raises $1B for Bitcoin acquisition, debt buyback

Best Meme Coins to Buy Now in 2024 and Why Altcoin Season is Knocking on the Door

Will Bitcoin Reach Six-Digit Prices Soon?

Coinshift Launches csUSDL, Announces Strategic Partnerships

Litecoin’s Meme Coin Gambit and The Rise of $LESTER memecoin

Market Speculations Drive SOL Coin Prices Above $250

Join our free newsletter for daily crypto updates!