The post Michael Saylor to Deliver 3-Minute Presentation to Microsoft Board on Bitcoin Strategy appeared first on Coinpedia Fintech News
Michael Saylor, the Chairman of MicroStrategy and a well-known Bitcoin advocate, is set to make a brief but impactful pitch to Microsoft’s board of directors. The upcoming three-minute presentation will focus on why Microsoft should consider adding Bitcoin to its investment strategy. This comes at a time when Bitcoin is nearing its ATH and aiming to hit $100k soon.
Saylor’s 3-Minute Presentation
Saylor’s push to get Microsoft to invest in Bitcoin is not just about advocating for digital currency. He believes that Bitcoin could provide Microsoft with a real asset that could help stabilize its stock.
According to Saylor, adding Bitcoin to Microsoft’s balance sheet could reduce volatility and improve long-term stability. He argues that Bitcoin has proven to be a store of value and would benefit companies like Microsoft, especially those with large cash reserves.
In a recent interview during a VanEck X Spaces event, Saylor confirmed that he had been contacted by an activist supporting the Bitcoin proposal for Microsoft. In response, he agreed to deliver a three-minute presentation to the company’s board members.
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— VanEck (@vaneck_us) November 8, 2024
Saylor explained that this would be his only opportunity to present, so he’s focusing on getting his message across in a short but powerful pitch.
A Missed Opportunity?
Saylor has also tried to take his message directly to Microsoft CEO Satya Nadella, offering to meet privately and discuss the benefits of Bitcoin investment. However, this offer was declined, and now Saylor’s upcoming presentation is his primary opportunity to make his case.
The proposal, which will be put to a shareholder vote on December 10, is being backed by the National Center for Public Policy Research (NCPPR). The NCPPR highlights the success of MicroStrategy’s Bitcoin investment, which has outperformed Microsoft’s stock by over 300% this year alone.
Saylor believes that other major companies like Apple, Berkshire Hathaway, and Google are also missing out by not investing in Bitcoin.
Bitcoin’s Price Eyes For NEW ATH
The proposal and Saylor’s presentation come at a time when more companies are beginning to see the value in holding Bitcoin as a reserve asset. MicroStrategy, for example, holds over $4 billion in Bitcoin and continues to add to its reserves.
With inflation and global uncertainty increasing, Saylor argues that Bitcoin provides a safe and solid asset for companies looking to protect their value.
As of now, BTC is trading around $92,843 reflecting a rise of the market cap of $1.84 trillion. Meanwhile many in the crypto space now believe that bitcoin will soon hit the new ATH anytime soon.
