邁克爾·塞勒 (Michael Saylor) 介紹將比特幣添加到微軟資產負債表中的案例

在最近由 VanEck 主持的 X Spaces 討論中，塞勒透露，他只有三分鐘的時間來闡述為什麼這家科技巨頭應該將比特幣添加到其資產負債表中。

Tech Giant Microsoft Could Add Bitcoin to Its Balance Sheet if Shareholders Vote in Favor

如果股東投票贊成，科技巨頭微軟可能會將比特幣加入其資產負債表中

Prominent Bitcoin (BTC) advocate Michael Saylor will present Microsoft shareholders with a proposal to add the cryptocurrency to the tech giant's balance sheet at an upcoming meeting.

著名的比特幣 (BTC) 倡導者 Michael Saylor 將在即將舉行的會議上向微軟股東提出一項將加密貨幣添加到這家科技巨頭的資產負債表中的提案。

Saylor revealed the plan during a recent X Spaces discussion hosted by VanEck, where he discussed the benefits of companies investing in Bitcoin. Notably, he will have just three minutes to present his case to the board.

Saylor 在 VanEck 最近主持的 X Spaces 討論中透露了該計劃，他討論了公司投資比特幣的好處。值得注意的是，他只有三分鐘的時間向董事會陳述自己的情況。

The proposal aligns with a shareholder motion from the National Center for Public Policy Research (NCPPR), which will be voted on in December. The motion requests that Microsoft assess the potential benefits of investing in Bitcoin, citing MicroStrategy's Bitcoin strategy as a benchmark.

該提案與國家公共政策研究中心 (NCPPR) 的股東動議一致，該動議將於 12 月進行投票。該動議要求微軟以 MicroStrategy 的比特幣策略為基準，評估投資比特幣的潛在收益。

However, Microsoft's board has already played the card that they keep a close eye on “a wide range of investable assets.” But does that stance hold water? Sure, Microsoft may track assets, but what’s the point if they remain perpetually on the sidelines while other companies dive in and reap the rewards?

然而，微軟董事會已經打出了密切關注「廣泛的可投資資產」的牌。但這種立場站得住腳嗎？當然，微軟可能會追蹤資產，但如果當其他公司涉足並獲得回報時，他們永遠保持觀望狀態，那還有什麼意義呢？

Just look at MicroStrategy. With an aggressive Bitcoin investment strategy, the business intelligence firm has outperformed Microsoft by over 300% this year. And remember, this is a company operating with a fraction of Microsoft's resources, workforce, and market power.

看看 MicroStrategy 就知道了。憑藉著積極的比特幣投資策略，這家商業智慧公司今年的表現比微軟高出 300% 以上。請記住，這家公司的營運資源、勞動力和市場力量只佔微軟的一小部分。

The NCPPR's proposal highlights MicroStrategy's remarkable 2023 performance. Despite being a significantly smaller company, MicroStrategy's stock outperformed Microsoft's by over 300% this year, largely due to its aggressive Bitcoin strategy.

NCPPR 的提案凸顯了 MicroStrategy 2023 年的卓越表現。儘管公司規模要小得多，但 MicroStrategy 的股價今年的表現仍比微軟高出 300% 以上，這主要歸功於其積極的比特幣策略。

Saylor has consistently advocated for Bitcoin as a means for companies to preserve shareholder value, particularly those with substantial cash reserves. He suggests that firms like Apple, Google, Meta, and even Berkshire Hathaway consider similar strategies.

塞勒一直主張將比特幣作為公司保護股東價值的一種手段，特別是那些擁有大量現金儲備的公司。他建議蘋果、谷歌、Meta 甚至波克夏等公司考慮類似的策略。

“Microsoft’s enterprise value is 98.5% leveraged to its quarterly earnings, while only 1.5% is based on tangible assets,” Saylor noted. “Adding Bitcoin could make the stock more stable and less risky, tying a portion of its value to tangible property.”

「微軟的企業價值 98.5% 與其季度收益掛鉤，而只有 1.5% 是基於有形資產，」塞勒指出。 「添加比特幣可以使股票更加穩定、風險更低，將其部分價值與有形財產掛鉤。」

The Microsoft board, however, has recommended voting against the proposal, arguing that it already evaluates a broad spectrum of investment opportunities, including Bitcoin.

然而，微軟董事會建議對該提案投反對票，稱其已經評估了包括比特幣在內的廣泛投資機會。

Ethan Peck, deputy director of the NCPPR's Free Enterprise Project, told Cointelegraph that a formal assessment of Bitcoin could corner Microsoft into an uncomfortable position. If the company evaluates Bitcoin but decides not to invest, it risks facing scrutiny from shareholders.

NCPPR 自由企業計畫副主任 Ethan Peck 告訴 Cointelegraph，對比特幣的正式評估可能會讓微軟陷入尷尬的境地。如果該公司評估比特幣但決定不投資，則可能面臨股東審查的風險。

The shareholder vote is scheduled for December 10th, and its outcome could influence Microsoft's financial strategy. Currently, the board consists of 12 members, including CEO and Chairman Satya Nadella, along with executives from major corporations like The Walt Disney Company, Citigroup, Wells Fargo, and GSK.

股東投票定於12月10日舉行，結果可能會影響微軟的財務策略。目前，董事會由12 名成員組成，包括執行長兼董事長薩蒂亞·納德拉(Satya Nadella)，以及來自華特迪士尼公司、花旗集團、富國銀行和葛蘭素史克等大公司的高管。

For Saylor, the stakes extend beyond Microsoft; he aims to set a precedent for other companies with substantial cash reserves. “It’s not a bad idea to put this on the agenda for every major company,” he said.

對塞勒來說，風險不僅限於微軟。他的目標是為其他擁有大量現金儲備的公司樹立先例。 「將這個問題列入每個大公司的議程並不是一個壞主意，」他說。

While the proposal faces opposition from Microsoft's board, its inclusion in the December vote signifies a growing dialogue around Bitcoin's role in corporate finance. Whether Microsoft will embrace Bitcoin or remain on the sidelines could have broader implications for institutional adoption of digital assets.

儘管該提案遭到微軟董事會的反對，但它被納入 12 月的投票中意味著圍繞比特幣在企業融資中的作用的對話日益增多。微軟是否會擁抱比特幣或保持觀望可能會對數位資產的機構採用產生更廣泛的影響。