Michael Saylor will present a Bitcoin investment strategy to Microsoft’s board, following a recommendation from the NCPPR.
Michael Saylor will share his insights on Bitcoin investment strategies in a three-minute presentation to Microsoft’s board of directors. This follows a proposition from the National Center for Public Policy Research (NCPPR), which encouraged Microsoft to consider Bitcoin investment.
“The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation,” said MicroStrategy co-founder and Executive Chairman during a X Spaces event hosted by VanEck. “I’m going to present it to the board of directors.”
Saylor has publicly urged Microsoft to contemplate the inclusion of Bitcoin in its treasury. He is of the opinion that it has the potential to generate “the next trillion dollars” for Microsoft shareholders.
Saylor proposed that companies such as Berkshire Hathaway, Apple, Google, and Meta (formerly Facebook) discuss and evaluate Bitcoin as a potential investment. He argued that these companies have substantial capital reserves and are all wasting shareholder value.
Microsoft shareholders are expected to vote on a proposal to include Bitcoin in its balance sheet on December 10. Vanguard Group, BlackRock, State Street, and Fidelity Management & Research comprise the company’s top shareholders.
Vanguard, a well-known skeptic of the crypto industry, has also invested in MicroStrategy’s stock (MSTR) and shares of other crypto firms, including Coinbase and MARA Holdings. Approximately 16 million MSTR shares were held by the asset management behemoth as of September 30.
Microsoft’s stock (MSFT) has underperformed MicroStrategy’s Bitcoin strategy, which has resulted in substantial stock price appreciation.
MicroStrategy’s stock reached a new record high at the close of the market on Tuesday, as indicated by data from Yahoo Finance. While Microsoft’s stock has experienced approximately 12% growth over the same period, it has surged by 581% thus far this year.
Previously, the NCPPR employed MicroStrategy’s Bitcoin strategy to persuade Microsoft leadership regarding Bitcoin purchasing strategies. They noted that the company’s share price had outperformed Microsoft’s.
Microsoft’s board initially advised against voting on the proposal, asserting that they already “assess a broad spectrum of investable assets,” including Bitcoin. Microsoft’s primary focus is on artificial intelligence, despite the interest of certain shareholders.
Nevertheless, Ethan Peck, the deputy director of the NCPPR’s Free Enterprise Project, cautioned that the assessment could result in a shareholder lawsuit if the decision is made not to invest in Bitcoin and the asset’s value subsequently increases.
