Donald Trump

Bitcoin

President Donald Trump

Michael Saylor, chair of MicroStrategy and a prominent Bitcoin advocate, urged Microsoft’s board of directors to embrace Bitcoin, arguing that the company could boost its market cap by nearly $5 trillion. 
In a rapid-fire presentation lasting just over three minutes, Saylor presented 44 slides outlining why Microsoft should adopt Bitcoin. 
“Microsoft can’t afford to miss the next technology wave, and Bitcoin is that wave,” Saylor stated in a Dec. 1 video of his pitch. 
He suggested the firm convert its cash flows, dividends, stock buybacks, and debt into Bitcoin, claiming: 
“If you do that, you’ll add hundreds of dollars to the stock price. You can create trillions of dollars of enterprise value. You can strip away risk from your shareholders.” 
Saylor projected that Microsoft’s share price could increase by up to $584 over the next decade if Bitcoin reached $1.7 million by 2034. 
This strategy, according to Saylor, could add $4.9 trillion to Microsoft’s valuation, propelling it beyond its current $3.18 trillion market cap as the world’s third most valuable company, trailing Apple and Nvidia. 
Bitcoin has already surged 120% this year, nearing the $100,000 mark. 
Since 2020, MicroStrategy has purchased 386,700 BTC for $21.9 billion, now valued at nearly $37.6 billion. 
MicroStrategy shares have soared 465.5% in 2024, with the stock reaching $421.88 in late November, a new all-time high since the dot-com era. 
Saylor noted growing political and public support for Bitcoin, citing statements from incoming U.S. President Donald Trump and Bitcoin-backed products from major Wall Street firms. 
He proposed Microsoft invest $100 billion annually in Bitcoin, asserting, “It makes a lot more sense to buy Bitcoin than to buy your own stock back or to hold bonds.” 
“It’s time for Microsoft to evaluate its Bitcoin strategic options,” Saylor concluded. “So do the right thing for the world and adopt Bitcoin.”

Michael Saylor Claims Microsoft Could Hit $5 Trillion Ahead of Bitcoin Vote

Crypto Intelligence

Other articles published on Dec 2, 2024

439 Million Dogecoin in 24 Hours: What's Going On?

Is $10 Realistic Target for Cardano This Bull Run? ADA Price Prediction

Jeff Bezos bets millions backing Nvidia rival Tenstorrent in a funding round

🗒 Daily Newsletter | Monday, December 02, 2024

Bitcoin Price Crash in December? Robert Kiyosaki Predicts Possible Dip to $60K

Helium Mobile Price Prediction: MOBILE Is Top Gainer With 72% Surge As Binance, Coinbase Listing ...

Join our free newsletter for daily crypto updates!