Key Points
- Michael Saylor is set to present Bitcoin investment strategies to the Microsoft Board of Directors.
- Microsoft shareholders will vote on whether to add Bitcoin to the company’s balance sheet on December 10.
Michael Saylor, renowned for his investment knowledge, is scheduled to present possible investment strategies in Bitcoin to the Microsoft Board of Directors. He will have a three-minute window to present his ideas.
This upcoming presentation was prompted by a suggestion from the National Centre for Public Policy Research (NCPPR), which encouraged Microsoft to consider investing in Bitcoin. Saylor confirmed his upcoming presentation at an X Spaces event hosted by VanEck.
Encouraging Microsoft’s Crypto Investment
Saylor is well-known for his vocal support of Bitcoin, with a primary goal of convincing tech giants, including Microsoft, to consider Bitcoin investments. He believes that such investments could potentially increase shareholder returns, stating it could help the company earn “the next trillion dollars” for its shareholders.
He has also suggested that other tech giants such as Apple, Google, Meta, and Berkshire Hathaway should consider similar investments, citing their large cash reserves and untapped opportunities to maximize shareholder returns.
Shareholder Vote and Crypto Ties
On December 10, Microsoft shareholders are set to vote on whether to incorporate Bitcoin into the company’s balance sheet. However, it’s worth noting that Microsoft’s board initially recommended voting against the proposal, mentioning the company’s regular evaluation of a broad spectrum of investment options, including Bitcoin, with artificial intelligence being a top priority.
Despite the board’s stance, interest in Bitcoin among some of the company’s top shareholders remains high. Companies like Vanguard Group, BlackRock, State Street, and Fidelity Management & Research have direct or indirect connections to the crypto market. For instance, Vanguard holds about 16 million shares in MicroStrategy and stakes in other crypto-related firms like Coinbase and MARA Holdings.
MicroStrategy’s Influence
MicroStrategy is arguably the most significant corporate supporter of Bitcoin, with its continuous large-scale crypto purchases attracting industry-wide attention. Its strategy has led to a 581% increase in its stock this year, compared to Microsoft’s 12% growth during the same period.
The NCPPR suggests that this disparity in success levels could persuade Microsoft to reconsider its stance on Bitcoin. Additionally, there is a potential for a shareholder lawsuit if the proposal is rejected and Bitcoin’s value subsequently increases. However, Microsoft is proceeding with caution.
