Bitcoin($BTC
bull and chairman of the board of directors of MicroStrategy, Michael Saylor, says he has agreed to give a three-minute presentation to the Microsoft board of directors about investing in bitcoin.
"The activist who drafted this proposal contacted me to present it to the board of directors, and I agreed to make a three—minute presentation — that's all I'm allowed to do—and I'm going to present it to the board of directors," Saylor said at X Spaces hosted by VanEck on November 19.
Saylor said he had previously offered to meet with Microsoft CEO Satya Nadella "in private" to discuss the topic, but the offer was not accepted.
"So you'll see me putting together a three—minute proposal for Microsoft [...] and we'll send it to the board of directors," he added.
The proposal was put forward by the National Center for Public Policy Research (NCPPR), which drew attention to MicroStrategy's investment strategy for bitcoin and the fact that MicroStrategy's share price surpassed Microsoft's share price by more than 300% this year, "despite the fact that the company is engaged in only part of Microsoft's business."
"I think it's a good idea to put it on the agenda of every company. It should be on the agenda of Berkshire Hathaway, Apple, Google and Meta, because they all have huge amounts of money, and they all burn shareholder value," Saylor continued.
He claimed that 98.5% of Microsoft's enterprise value (the total value of the company) depends on quarterly profit, while 1.5% of the share price is accounted for by tangible assets.
"Stocks would be much more stable and less risky if half of their value was based on tangible assets or property such as bitcoin. So I think there are good arguments to be made. I think the shareholders should do it."
