On December 1, Microsoft held a board meeting. MicroStrategy chairman Michael Saylor, in a 44-page cross-generational PPT, used a 3-minute speech to recommend that Microsoft shareholders hold Bit, proposing a digital asset strategy to help Microsoft return to the global top.
Michael Saylor told the Microsoft board that Microsoft cannot miss the next technological wave "digital capital", and the biggest digital transformation of the 21st century is capital transformation, and Bit is digital capital. Microsoft needs to evaluate Bit strategy options, the Bit strategy will make Microsoft's market value increase to the trillion-dollar level, and Microsoft can create $1 trillion to $4.9 trillion in shareholder value through Bit. If Microsoft adopts the "triple maximalism", its market value can increase by nearly $5 trillion. If the Bit standard is adopted, Microsoft will be successful.
Two days later, Microsoft will hold a shareholders' meeting on December 10, when Microsoft will vote on the "Bit investment proposal", which requires an assessment of the benefits of investing a portion of assets (even if only 1%) in Bit. If the proposal is passed, this will be another milestone event affecting the crypto industry.
In his speech, Michael Saylor claimed that if Microsoft uses all of its financial and debt as well as all of its cash flow, dividend payments and stock repurchase funds to purchase Bit, then over the next 10 years, Bit could cause Microsoft's stock price to rise $584, at which time 1 Bit will be worth $1.7 million.
Since 2020, Saylor's MicroStrategy has purchased 386,700 Bits, at a total cost of $21.9 billion, and the company's current Bit holdings are worth nearly $37.6 billion. From 2024 to date, MicroStrategy's stock price has soared 465.5% along with the value of its Bit holdings.
So what did he specifically say? (The following statements are translations of the content of his PPT)
1. Microsoft cannot miss the next technological wave: personal computing, graphical user interface, the Internet, mobile computing, cloud computing, artificial intelligence, digital capital.
2. Bit is the next "$2 trillion" force, and Bit is currently the 7th largest asset in the world: fastest growing, most popular, most interesting, most digitized, most useful, most globalized.
3. The biggest digital transformation of the 21st century is capital transformation, and Bit is digital capital.
4. Global wealth will be distributed across various assets.
5. Global wealth assets (a) provide utility; (b) preserve capital. Risk factors:
6. More than $100 trillion in capital is destroyed each year. Regulation, taxation, competition, obsolescence, economic and political turmoil, and crime will dilute capital.
7. Long-term capital is shifting towards digital capital.
8. Digital capital is superior in both economics and technology.
9. Bit is a revolutionary advancement in capital preservation.
10. Bit growth: from $2 trillion to over $200 trillion in 21 years.
11. Bit: Secured by digital, political and economic forces.
12. Microsoft should be supported by digital capital.
13. Bit is the best performing non-correlated asset on corporate balance sheets.
14. Over the past four years, Bit has been the best performing asset on an annualized basis.
15. Bit's performance over the past four years has been about ten times that of Microsoft.
16. Bit is critical, while bonds are toxic.
17. To achieve outstanding performance, you need Bit (digital capital).
18. MSFT stock and options are weak and deteriorating, and Microsoft is destroying its options market and weakening its stock as a store of value through its financial strategy.
19. By 2024, Bit has become an institutional asset and is now a viable alternative to corporate bonds.
20. The number of public entities holding Bit is rapidly increasing.
21. The wave of political support for Bit is rising, with the White House, Senate, House of Representatives, Wall Street, Donald Trump, JD Vance, Robert Kennedy, Howard Lutnick, Scott Benson, Vivek Ramaswamy, Michael Waltz and Elon Musk all supporting Bit.
22. Support for a US strategic Bit reserve is heating up.
23. Wall Street's support for Bit is also heating up.
24. Trump said: Never sell your Bit.
25. 2025: The first year of the crypto renaissance, expected: Wall Street will adopt Bit, ETFs, FASB fair value accounting, a Bit-native president and cabinet, over 250 crypto-friendly members of Congress, a Bit strategic reserve, repeal of SAB 121, end the crypto war, a digital asset framework, more companies adopting the Bit standard.
26. Microsoft needs to make a choice.
27. Choice 1: Stick to the past. Traditional financial strategy based on government bonds, repurchases and dividends; Choice 2: Embrace the future with a Bit-based digital capital asset innovation financial strategy.
28. Choice 1: $100 billion in annual capital erosion, increased investor risk, and slower growth; Choice 2: $100 billion in annual capital growth, reduced investor risk, and accelerated growth.
29. Microsoft has lost $200 billion in capital over the past five years.
30. Buybacks and dividends have exacerbated Microsoft's risk factors, including: intense market competition, cybersecurity threats, regulatory compliance, intellectual property, global economic conditions, supply chain disruptions, product development and innovation, cloud service adoption, market saturation, legal disputes, mergers and strategic alliances, tax risks, foreign exchange fluctuations, talent acquisition and retention, hardware manufacturing, environmental and social responsibility, intellectual property litigation, intellectual property licensing, economic sanctions and trade restrictions, natural disasters and catastrophic events, technological change, customer preferences, third-party service providers, data privacy, and reputation management.
31. Bit is the best way to break the vicious cycle, Bit is a commodity, not a company.
32. Bit is an asset with no counterparty risk from competitors, countries, companies, creditors, culture or currency.
33. What if you could acquire a company growing at 60% with a $100 billion scale?
34. What if that company's profits were higher than your own?
35. What if you could easily do this every year, forever?
36. Bit is a universal, perpetual, profitable merger partner.
37. So it is necessary to evaluate Microsoft's strategic Bit options.
38. The Bitcoin24 model is an open-source macroeconomic model that uses Bitcoin24 to create custom Bit company forecasts.
39. Microsoft business assumptions: enterprise value of $3.0 trillion (about 26x EV/EBIT), net cash on the balance sheet of $27 billion, cash flow of $70 billion (10% annualized yield), 30% of cash flow distributed as dividends, 40% of cash flow used for buybacks, stock price around $420/share in 2024, and a basic Bit annualized yield of 30%.
40. Bit financial strategy: As Microsoft accelerates the conversion of its US dollar cash flow to Bit, its capital structure is strengthened.
41. Bit strategy drives Microsoft's stock price increase: Bit could contribute $155 to $584 per share to Microsoft, while also reducing shareholder risk.
42. The Bit strategy will increase Microsoft's market value to the trillion-dollar level, and Microsoft can create $1 trillion to $4.9 trillion in shareholder value through Bit.
43. Bit reduces the risk value of Microsoft's enterprises: Microsoft is currently using leverage to drive profitability expectations, and it has reached an extremely unhealthy level.
44. If Bit is adopted as the standard, Microsoft will succeed.
45. Adopt Bit for the right things for customers, employees, shareholders, the country, and the world.
