According to Cointelegraph, Bitcoin advocate and MicroStrategy Chairman Michael Saylor has been invited to deliver a brief presentation to Microsoft's board of directors regarding Bitcoin investment. Saylor revealed that he was approached by an activist to make a three-minute presentation to the board, which he accepted. This opportunity arose during a discussion in a Nov. 19 X Spaces session hosted by VanEck.
Saylor expressed his belief that considering Bitcoin investment should be a priority for major corporations, including Berkshire Hathaway, Apple, Google, and Meta, given their substantial cash reserves and the potential impact on shareholder value. Microsoft's board, which includes prominent figures such as Chairman and CEO Satya Nadella and executives from The Walt Disney Company, Citigroup, Wells Fargo, and GSK, will be the audience for Saylor's presentation.
In October, Microsoft announced that one of its voting items for December would involve evaluating the potential of investing in Bitcoin. This proposal was initiated by the National Center for Public Policy Research (NCPPR), which pointed out that MicroStrategy's Bitcoin-focused strategy has led to its share price outperforming Microsoft's by over 300% this year, despite MicroStrategy's smaller scale of operations.
Microsoft's board had previously advised against the proposal, citing their existing practice of evaluating a diverse range of investable assets, including Bitcoin. However, Ethan Peck, deputy director of the NCPPR’s Free Enterprise Project, noted that if Microsoft conducts the assessment and decides against investing in Bitcoin, it could place the company in a challenging position. This story is still developing, and updates will be provided as more information becomes available.
