Michael Saylor, the Executive Chairman of MicroStrategy, will share his deep insights on the Bitcoin investment strategy in a three-minute presentation to Microsoft's board of directors, at the request of the National Center for Public Policy Research (NCPPR), an organization that has urged Microsoft to consider investing in Bitcoin.
"The proponent contacted me and invited me to present to the board, and I agreed to present within a three-minute timeframe," Saylor said during an event hosted by VanEck X Spaces.
Saylor has long publicly called for Microsoft to consider adding Bitcoin to its treasury, believing this could create "the next trillion dollars" for the company's shareholders. He also suggested that large corporations like Berkshire Hathaway, Apple, Google, and Meta (formerly Facebook) should evaluate Bitcoin as a potential investment opportunity, as all of these companies have ample cash reserves but are diluting shareholder value.
On December 10th, Microsoft shareholders are expected to vote on a proposal to consider adding Bitcoin to the company's balance sheet. Microsoft's major shareholders include leading financial institutions like Vanguard Group, BlackRock, State Street, and Fidelity Management & Research.
Vanguard, an organization known for its skepticism towards cryptocurrencies, has invested in MicroStrategy (MSTR) stock, as well as other crypto companies like Coinbase and MARA Holdings. As of September 30th, Vanguard owns around 16 million MSTR shares.
MicroStrategy's Bitcoin strategy has been remarkably successful, with the company's stock price soaring and outperforming Microsoft. Yahoo Finance data shows that MicroStrategy's stock has risen 581% this year, while Microsoft's stock has only increased by around 12% during the same period.
NCPPR has previously used MicroStrategy's successful Bitcoin strategy to convince Microsoft's leadership about the potential of investing in Bitcoin, emphasizing that MicroStrategy's stock value has outperformed Microsoft.
Microsoft's board initially recommended voting against this proposal, stating that they had "evaluated many types of assets that could be invested in," including Bitcoin. While some shareholders have expressed interest, Microsoft's current priority remains artificial intelligence.
However, Ethan Peck, the Free Enterprise Project Director at NCPPR, warned that if Microsoft does not invest in Bitcoin and the value of this asset continues to rise, the company may face lawsuits from shareholders.
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