Michael Saylor suggests Microsoft invest $100 billion in BTC annually
According to Cointelegraph, MicroStrategy Chairman Michael Saylor suggested to Microsoft's board of directors that Microsoft's market value could increase by nearly $5 trillion if it invested fully in Bitcoin.
Saylor said in a briefing that Microsoft should convert cash flow, dividends, stock buybacks and debt into Bitcoin, saying that this move could add hundreds of dollars to the stock price and create trillions of dollars in corporate value.
Saylor predicts that if Microsoft invests fully in Bitcoin, its stock price could increase by $584 in the next decade and its market value could increase to $4.9 trillion.
He also pointed out that Bitcoin has risen 120% this year and MicroStrategy's Bitcoin holdings are worth $37.6 billion.
Saylor emphasized that public and political support for Bitcoin is rising and suggested that Microsoft invest $100 billion in Bitcoin annually.