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The Microsoft board is evaluating a proposal to purchase Bitcoin.

The Microsoft board is evaluating a proposal to purchase Bitcoin.

20.11.2024 11:12

Michael Saylor, the founder of MicroStrategy, which holds the largest Bitcoin assets in the world, will propose an investment in Bitcoin to Microsoft's board of directors. Saylor presents Bitcoin as a strong tool to enhance the company's financial stability. The board will evaluate this proposal in December.

MicroStrategy founder and chairman Michael Saylor will argue that Microsoft needs to invest in Bitcoin to become a more stable and less risky stock. Saylor announced that he will make a three-minute presentation to the Microsoft board of directors on this matter. The Microsoft board will vote on this proposal in December.

Saylor's Call for Bitcoin Investment to Microsoft

Michael Saylor, founder of MicroStrategy, who announced that he will present to the Microsoft board of directors regarding Bitcoin investment, aims to strengthen the technology giant's financial structure. Speaking at the X Spaces event organized by VanEck, Saylor announced that he would make a three-minute presentation.

Stating that his request for a private meeting with Satya Nadella was rejected, Saylor said he would evaluate this opportunity based on an activist's proposal. Microsoft announced in October that the issue of Bitcoin investment would be discussed in its December agenda.

The National Center for Public Policy Research (NCPPR) made a striking proposal by citing MicroStrategy's Bitcoin strategy as an example. NCPPR emphasized that despite Microsoft shares' small share of the company's total operations, they showed a 300% performance increase over the year.

Saylor argued that companies with high cash reserves, such as Berkshire Hathaway, Apple, Google, and Meta, should also consider similar investments. Noting that 98.5% of Microsoft's corporate value is based on quarterly earnings and only 1.5% on tangible assets, Saylor stated, "If half of the corporate value were composed of tangible assets like Bitcoin, the stock would be much more stable and less risky."

Regarding the proposal that will be presented to shareholders for a vote on December 10, the Microsoft board announced that they have examined various investment vehicles, including Bitcoin, and recommended a negative vote on the proposal. Ethan Peck, deputy director of the NCPPR Free Enterprise Project, warned that Microsoft could enter a difficult process if the proposal is rejected.

The Microsoft board, which includes senior executives from companies such as The Walt Disney Company, Citigroup, Wells Fargo, and GSK, consists of a total of 12 members, including Nadella.



 
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