- Michael Saylor accepted to present a Bitcoin investment strategy to Microsoft’s board ahead of a December 10 shareholder vote on assessing Bitcoin investments.
- The NCPPR highlighted MicroStrategy’s 300% stock outperformance over Microsoft this year, attributing it to Bitcoin as a stabilizing asset.
- Microsoft board opposes Bitcoin investments, while MicroStrategy expands its holdings to 331,200 BTC, with $13.7 billion in unrealized profits.
Michael Saylor, a leading Bitcoin advocate and Chairman of MicroStrategy, plans to give Microsoft's board of directors a three-minute overview of Bitcoin investment strategies.
On Tuesday, at an X Spaces event by VanEck, Saylor revealed that an activist who submitted a proposal to Microsoft’s board contacted him, prompting his decision to participate.
— VanEck (@vaneck_us) November 8, 2024
Microsoft's connection to Bitcoin is in focus after Michael Saylor, a key cryptocurrency supporter, disclosed his previous proposal for a private meeting with Microsoft CEO Satya Nadella to explore potential Bitcoin investments. The proposal was declined.
Saylor’s efforts gain importance with the upcoming Microsoft shareholder vote on December 10, where investors will decide if the firm should evaluate Bitcoin as an investment option. The National Center for Public Policy Research (NCPPR) champions the initiative, highlighting MicroStrategy’s success with Bitcoin investments as a strong case study.
Bitcoin as a potential asset for Microsoft
MicroStrategy’s stock performance this year has outpaced Microsoft’s by over 300% despite operating on a smaller scale, according to the NCPPR. This comparison has sparked debates about the tech giant exploring diversifying its asset strategy.
Saylor has criticized cash-rich corporations like Microsoft, Berkshire Hathaway, Apple, and Google for not using Bitcoin to boost shareholder value. He noted that 98.5% of Microsoft’s enterprise value is linked to quarterly earnings, while tangible assets make up only 1.5%.
Saylor argued that adding Bitcoin to the firm’s holdings could stabilize the company’s stock and reduce financial risks. He believes significant corporations missed an opportunity to adopt cryptocurrency in asset management.
Microsoft’s board has advised shareholders to reject the proposal as the board indicated that the company regularly reviews various investable assets, including Bitcoin, and finds no necessity for a specific evaluation.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC & ETH rebound, XRP rallies ahead of CPI data
Bitcoin and Ethereum prices continue to recover on Wednesday after finding support around their key levels this week. On the other hand, Ripple remains strong and found support around its upper symmetrical triangle boundary.
Ripple donates $100,000 to California wildfire relief efforts; XRP investors anticipate SEC's opening brief
Ripple is up 5% on Tuesday following recent positive developments surrounding its ecosystem and JP Morgan's prediction of over $8 billion in inflows into XRP ETF if it gains approval from the Securities and Exchange Commission.
Bitcoin could lose its diversification status as correlation with stocks increases
Bitcoin's rising correlation with the traditional stock market is gradually affecting its role as a portfolio diversifier. This trend has been visible following Bitcoin's similar reactions to the S&P 500 upon macroeconomic data releases.
Crypto Today: BTC taps $97K, DOGE and XRP in green as SEC sues Musk ahead of Trump Inauguration
The cryptocurrency sector rose by 2.4% on January 14, with the aggregate market capitalization crossing $3.3 trillion. Bitcoin price reclaimed the $97,000 resistance level, with technicals signaling upside ahead.
Bitcoin: Room for a recovery or continuation of the pullback?
Bitcoin’s price slightly recovers and trades around $94,700 on Friday after declining nearly 6% earlier this week. US Bitcoin spot Exchange Traded Funds data shows signs of mild recovery, with a total net inflow of $462.2 million until Thursday.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.