MicroStrategy co-founder Michael Saylor told Microsoft CEO Satya Nadella and the board of directors that bitcoin is the best asset the company can own.

“Microsoft can't afford to miss the next technology wave, and Bitcoin is that wave,” Saylor said in a three-minute clip he shared of a recent presentation to Microsoft. “Bitcoin represents the greatest digital transformation of the 21st century that represents digital capital.”

Saylor continued to say that it “makes sense” for Microsoft to buy and hold bitcoin instead of buying its own stock back or holding bonds.

“You've surrendered hundreds of billions of dollars of capital over the past five years, and you've just amplified the risks that your own shareholders face,” Saylor said. “If you want to escape that vicious cycle, you're going to need an asset without counterparty risk.”