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Cryptocurrency News Articles

Michael Saylor to Pitch Bitcoin Investment Strategies to Microsoft’s Board of Directors

Nov 20, 2024 at 10:50 am

Michael Saylor will share his insights on Bitcoin investment strategies in a three-minute presentation to Microsoft's board of directors

Michael Saylor to Pitch Bitcoin Investment Strategies to Microsoft’s Board of Directors

Michael Saylor, the MicroStrategy co-founder and Executive Chairman, will present his insights on Bitcoin investment strategies to Microsoft’s board of directors, following a proposal from the National Center for Public Policy Research (NCPPR).

The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation. I’m going to present it to the board of directors.

Saylor has publicly encouraged Microsoft to consider adding Bitcoin to its treasury, which he believes can make “the next trillion dollars” for Microsoft shareholders.

Companies like Berkshire Hathaway, Apple, Google, and Meta (formerly Facebook) should discuss and evaluate Bitcoin as a potential investment, Saylor suggested, “because they all have huge hordes of cash, and they’re all burning shareholder value.”

Shareholders are scheduled to vote on a proposal to consider adding Bitcoin to the balance sheet on December 10. Top shareholders include major financial institutions like Vanguard Group, BlackRock, State Street, and Fidelity Management & Research.

Vanguard, a known crypto skeptic, has also invested in MicroStrategy’s stock (MSTR), as well as shares of other crypto firms like Coinbase and MARA Holdings. As of September 30, the asset management giant reported holding approximately 16 million MSTR shares.

MicroStrategy’s Bitcoin strategy has led to huge stock price appreciation, outperforming Microsoft’s stock (MSFT) performance.

According to data from Yahoo Finance, MicroStrategy’s stock jumped to a fresh record high at market close on Tuesday. It has skyrocketed 581% so far this year, while Microsoft’s stock has seen around 12% gains over the same timeframe.

News source:cryptobriefing.com

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