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Cryptocurrency News Articles
MicroStrategy’s Michael Saylor Will Give a 3-Minute Presentation About Investing in Bitcoin to Microsoft’s Board
Nov 20, 2024 at 03:51 pm
MicroStrategy's executive chairman, Michael Saylor, will give a presentation about investing in Bitcoin to Microsoft's board in just three minutes.
MicroStrategy’s executive chairman, Michael Saylor, will present to Microsoft’s board on the benefits of investing in Bitcoin for three minutes.
The announcement came after Saylor joined VanEck's X Spaces on Nov. 19. During the appearance, he will ask the board to allocate a portion of their massive cash on hand to BTC.
“The activist that put that proposal together contacted to me to present to the board, and I agreed to provide a three-minute presentation,” Saylor said on X Spaces.
Microsoft is one of the largest tech companies in the world, boasting $78 billion in cash. The company also manages several investments in various companies, such as OpenAI. However, none of their funding reportedly goes to Bitcoin, cryptocurrency or any crypto-related products.
Saylor said that 1.5% of the stock value comes from intangible assets, while the rest of it is leveraged into quarterly earnings. Earlier this October, Microsoft had voting items for December, which would be an assessment time for investing in BTC.
If the company accepts Saylor's presentation, it would have a significant impact on both Microsoft and the market. The tech company would become one of the oldest to place a portion of its treasury into Bitcoin.
Michael Saylor ever reached Nadella on X
Microsoft CEO Satya Nadella was ever reached by Saylor on X, Oct. 25. He mentioned that he could contact Saylor if the company he led wanted to make another trillion dollars for the shareholders.
Saylor also noted that MicroStrategy shares (MSTR) have seen a very limited time in the past year, which saw the stock increase by 331%. The institutional and corporate adoption that has risen in recent years is going to be commonplace in the near future.
MicroStrategy’s stocks have risen even further, up to 2,735% in the past 5 years since they became the first company in the world to place Bitcoin on their balance sheet.
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