Michael Saylor of MicroStrategy said he will present to Microsoft on why they should buy Bitcoin, claiming that it will make it a more stable and less risky stock.
Michael Saylor, a Bitcoin advocate and Chairman of MicroStrategy, said he has agreed to give a three-minute presentation to Microsoft's board of directors about investing in Bitcoin.
"The person who made that proposal reached out to me to present to the board, and I agreed to provide a three-minute presentation - that's all the time allowed - and I will present to the board," Saylor said during the X Spaces event on 19/11 hosted by VanEck.
Saylor said he had previously "secretly" proposed to meet with Microsoft CEO Satya Nadella to discuss this topic, but the offer was not accepted.
"So you'll see me preparing a three-minute proposal for Microsoft [...], and we'll send it to the board," he added.
In October, Microsoft revealed that one of the voting items for December will be whether the company should conduct an assessment of investing in Bitcoin. This proposal was driven by the National Center for Public Policy Research (NCPPR), emphasizing that MicroStrategy's Bitcoin investment strategy has helped their stock price outperform Microsoft by over 300% this year "despite their business being a small fraction of Microsoft's."
"I think putting it on the agenda of every company is not a bad idea. It should be on the agenda of Berkshire Hathaway, Apple, Google, and Meta because they all have massive cash hoards and they're devaluing shareholder value," Saylor continued.
He argued that 98.5% of Microsoft's enterprise value (the total value of the company) is based on quarterly earnings, while only 1.5% of the stock's value comes from tangible assets.
"The stock would be more stable and less risky if half the enterprise value of the stock was based on tangible assets or assets like Bitcoin. So I think there's a compelling argument to make. I think shareholders should do that."
Microsoft's board of directors has recommended voting against this proposal as they have "evaluated many types of investment assets," including Bitcoin.
However, Ethan Peck, deputy director of the Free Enterprise Project at NCPPR, later told Cointelegraph that this proposal would put Microsoft in a difficult position if they conducted an assessment and decided not to invest in this asset.
Microsoft's current board of directors consists of 12 members, including Nadella, who is also the chairman, along with senior leaders from The Walt Disney Company, Citigroup, Wells Fargo, and GSK.
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The article Michael Saylor presents to Microsoft's board on Bitcoin investment strategy first appeared on CoinMoi.
