Michael Saylor Scheduled to Present Bitcoin Investment Strategies to Microsoft Board
Michael Saylor will present his insights on Bitcoin investments to the Board of Directors at Microsoft. He has three minutes to outline what he considers effective investment strategies.
This presentation follows a proposal by the National Centre for Public Policy Research (NCPPR), which urged Microsoft to consider investing in Bitcoin.
Saylor confirmed his participation during an X Spaces event hosted by VanEck, stating:
“The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation.”
Bitcoin Advocate Pushes Microsoft toward Crypto Investment
Saylor is a prominent advocate for Bitcoin, aiming to persuade Microsoft and other tech companies to invest in it. He argues that such investments could enhance shareholder returns, potentially generating “the next trillion dollars” for shareholders.
Saylor has also encouraged tech giants like Apple, Google, Meta, and Berkshire Hathaway to explore similar investments due to their significant cash reserves and opportunities for maximizing shareholder value.
Upcoming Shareholder Vote
Microsoft shareholders will vote on December 10 to decide whether Bitcoin should be included on the company’s balance sheet. The board has recommended voting against the proposal, citing a focus on various investment options, with artificial intelligence prioritized.
Despite the board's stance, interest in Bitcoin among major shareholders remains robust. Firms like Vanguard Group, BlackRock, State Street, and Fidelity Management & Research have connections to the crypto market. Notably, Vanguard holds approximately 16 million shares in MicroStrategy and stakes in other crypto-related firms, despite its reputation as a crypto skeptic.
The MicroStrategy Effect
MicroStrategy is the largest corporate supporter of Bitcoin, having made substantial crypto purchases for its treasury, attracting industry attention. This strategy contributed to a 581% rise in its stock this year, compared to Microsoft’s 12% growth over the same period.
The NCPPR suggests that MicroStrategy's success might influence Microsoft to reconsider its position. Additionally, there may be shareholder litigation risks if the proposal is rejected and Bitcoin's value rises significantly. Nonetheless, Microsoft is proceeding cautiously.