MicroStrategy founder and chairman Michael Saylor is a well-known Bitcoin bull, who recently suggested to Microsoft's board of directors and CEO Satya Nadella: "Bitcoin is the asset Microsoft should embrace the most."
Block客 reported earlier that Michael Saylor has agreed to present a 3-minute briefing to Microsoft's board of directors to advocate for investing in Bitcoin. He recently shared clips of the briefing on social media, stating:
Microsoft absolutely cannot miss the next wave of technological change, and this wave is Bitcoin.
Michael Saylor pointed out: "Bitcoin is the most important digital transformation of the 21st century, and it is the future of digital capital."
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According to Google Finance data, Microsoft's stock price rose slightly by 0.11% last Friday, closing at $423.46, with a total increase of 3.67% over the past month.
MicroStrategy's Bitcoin strategy
MicroStrategy has been aggressively purchasing Bitcoin since 2020 and has adopted Bitcoin as its strategic reserve asset.
As of now, the company holds a total of 386,700 Bitcoins, valued at over $37 billion at current market prices, with the most recent purchase being an increase of 55,500 Bitcoins last month.
Benefiting from the rise in Bitcoin prices and aggressive Bitcoin strategies, MicroStrategy's stock price has soared 465% this year. Although it slightly fell 0.35% to $387.47 last Friday, it rebounded 2.15% in after-hours trading.
Michael Saylor advises Microsoft: Stop stock buybacks and buy Bitcoin instead.
In the briefing, Michael Saylor further stated that Microsoft should reevaluate its capital allocation strategy. He suggested that instead of continuously repurchasing stocks or holding bonds, they should directly purchase Bitcoin. He said:
In the past 5 years, you have forfeited hundreds of billions of dollars in capital, resulting only in increased risks faced by shareholders. To break this vicious cycle, it is necessary to hold an asset that involves no counterparty risk (which is Bitcoin).
He even predicts that if Microsoft can convert cash flow, dividends, buyback plans, and debt into Bitcoin, by 2034, Microsoft's stock price could increase by $584 per share, and the enterprise value could potentially surge by $4.9 trillion.
Michael Saylor's advice not only highlights his firm belief in Bitcoin but also raises curiosity in the market about whether tech giants like Microsoft will truly consider including Bitcoin in their asset allocation to pave the way for future digital transformation.
【Disclaimer】The market has risks, and investment requires caution. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Invest accordingly at your own risk.
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‘Bitcoin is the future! MicroStrategy advises Microsoft to abandon stock buybacks and fully embrace BTC’ was first published in ‘Crypto City’
