Author: Jesse Coghlan, CoinTelegraph; Translator: Tao Zhu, Golden Finance
MicroStrategy Chairman, Bitcoin enthusiast Saylor told the Microsoft board that if Microsoft fully invests in Bitcoin, the company's market value could increase by nearly $5 trillion.
Saylor elaborated on why this tech giant should purchase Bitcoin in just over three minutes using 44 slides when presenting to the Microsoft board.
In a video shared on December 1, Saylor stated, 'Microsoft cannot miss the next wave of technological change, and Bitcoin is that wave.' He urged Microsoft to convert cash flow, dividends, stock buybacks, and debt into cryptocurrency, adding:
“If you do this, your stock price will increase by hundreds of dollars. You can create trillions of dollars in enterprise value. You can eliminate shareholder risk.”
Saylor claims in his pitch that if Microsoft uses all its finances and debt along with all cash flow, dividend payments, and stock buyback funds to buy Bitcoin, Bitcoin could drive Microsoft's stock price up by $584 over the next 10 years—assuming that by the end of 2034, 1 BTC will be valued at $1.7 million.
Saylor's slides claim that if Microsoft fully invests in Bitcoin, this strategy could increase Microsoft's value by $4.9 trillion. The company currently ranks third in the world with a market value of $3.18 trillion, behind leading Apple and Nvidia.
So far this year, BTC has surged 120% (up about 40% in just the past month), reaching nearly $100,000. Since 2020, Saylor's MicroStrategy has purchased 386,700 BTC for a total of $21.9 billion, worth nearly $37.6 billion at a Bitcoin price of $97,200.
So far in 2024, MicroStrategy (MSTR) stock has soared 465.5% alongside the value of its Bitcoin holdings. Its stock peaked at $421.88 in November. According to Google Finance, the index broke the historical high that had been maintained since early 2000 before the internet bubble burst on the 22nd.
Saylor claims that public and political support for Bitcoin is 'surging', and there is a 'cryptocurrency revival', pointing to statements by incoming President Donald Trump supporting cryptocurrencies and Bitcoin investment products launched by prominent Wall Street firms.
Saylor believes that Microsoft should invest $100 billion in Bitcoin each year, claiming that 'buying Bitcoin makes more sense than buying back your own stock or holding Bitcoin instead of bonds.'
What if you could acquire a $100 billion company with more than Microsoft's growth rate for 1x revenue? What if you could do this every year?
“Now is the time for Microsoft to evaluate its Bitcoin strategic options,” Saylor said. “Therefore, do the right thing for the world and adopt Bitcoin.”
