迈克尔·塞勒 (Michael Saylor) 介绍将比特币添加到微软资产负债表中的案例

在最近由 VanEck 主持的 X Spaces 讨论中，塞勒透露，他只有三分钟的时间来阐述为什么这家科技巨头应该将比特币添加到其资产负债表中。

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

如果股东投票赞成，科技巨头微软可能会将比特币添加到其资产负债表中

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.

著名的比特币 (BTC) 倡导者 Michael Saylor 将在即将召开的会议上向微软股东提出一项将加密货币添加到这家科技巨头的资产负债表中的提案。

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 讨论中透露了该计划，他讨论了公司投资比特币的好处。值得注意的是，他只有三分钟的时间向董事会陈述自己的情况。

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.

该提案与国家公共政策研究中心 (NCPPR) 的股东动议一致，该动议将于 12 月进行投票。该动议要求微软以 MicroStrategy 的比特币策略为基准，评估投资比特币的潜在收益。

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，微软董事会已经打出了密切关注“广泛的可投资资产”的牌。但这种立场站得住脚吗？当然，微软可能会跟踪资产，但如果当其他公司涉足并获得回报时，他们永远保持观望状态，那还有什么意义呢？

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。凭借积极的比特币投资策略，这家商业智能公司今年的表现比微软高出了 300% 以上。请记住，这家公司的运营资源、劳动力和市场力量只占微软的一小部分。

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 的提案凸显了 MicroStrategy 2023 年的卓越表现。尽管公司规模要小得多，但 MicroStrategy 的股价今年的表现仍比微软高出 300% 以上，这主要归功于其积极的比特币战略。

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.

塞勒一直主张将比特币作为公司保护股东价值的一种手段，特别是那些拥有大量现金储备的公司。他建议苹果、谷歌、Meta 甚至伯克希尔哈撒韦等公司考虑类似的策略。

“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.”

“微软的企业价值 98.5% 与其季度收益挂钩，而只有 1.5% 是基于有形资产，”塞勒指出。 “添加比特币可以使股票更加稳定、风险更低，将其部分价值与有形财产挂钩。”

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，微软董事会建议对该提案投反对票，称其已经评估了包括比特币在内的广泛投资机会。

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 自由企业项目副主任 Ethan Peck 告诉 Cointelegraph，对比特币的正式评估可能会让微软陷入尴尬的境地。如果该公司评估比特币但决定不投资，则可能面临股东审查的风险。

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.

股东投票定于12月10日举行，其结果可能会影响微软的财务策略。目前，董事会由 12 名成员组成，包括首席执行官兼董事长萨蒂亚·纳德拉 (Satya Nadella)，以及来自华特迪士尼公司、花旗集团、富国银行和葛兰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.

对于塞勒来说，风险不仅仅限于微软。他的目标是为其他拥有大量现金储备的公司树立先例。 “将这个问题列入每个大公司的议程并不是一个坏主意，”他说。

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.

尽管该提案遭到微软董事会的反对，但它被纳入 12 月的投票中意味着围绕比特币在企业融资中的作用的对话日益增多。微软是否会拥抱比特币或保持观望可能会对数字资产的机构采用产生更广泛的影响。