Michael Saylor to Present about Bitcoin Investment to Microsoft Board
Will Microsoft embrace Bitcoin?
Michael Saylor, the Bitcoin advocate and MicroStrategy Chairman, is making waves with a bold proposal to Microsoft’s board of directors. Saylor revealed during a Nov. 19 X Spaces session hosted by VanEck that he’s set to deliver a three-minute pitch advocating Bitcoin investment. This opportunity follows a shareholder proposal by the National Center for Public Policy Research (NCPPR), urging Microsoft to evaluate Bitcoin as a potential asset.
While Saylor initially sought a private discussion with Microsoft CEO Satya Nadella, his request was declined. However, the activist-backed proposal has opened the door for Saylor to present his case directly to the board.
The push stems from MicroStrategy’s impressive Bitcoin strategy, which has reportedly driven its stock to outperform Microsoft’s by over 300% this year, despite the tech giant's significantly larger business operations. Saylor argues that companies like Microsoft, Apple, and Meta, which hold substantial cash reserves, are missing an opportunity to enhance shareholder value by investing in Bitcoin.
Saylor contends that Bitcoin could add tangible value to Microsoft’s enterprise, stabilizing its stock and reducing risk. He highlighted that only 1.5% of Microsoft’s enterprise value comes from tangible assets, while the rest relies heavily on quarterly earnings performance.
The proposal will be voted on Dec. 10, but Microsoft’s board has recommended against it, citing its existing evaluation of a broad range of assets, including Bitcoin. Ethan Peck, deputy director of NCPPR’s Free Enterprise Project, noted that the proposal forces Microsoft to justify its stance publicly, potentially putting the company in a difficult position.
With high-ranking executives from companies like Disney and Citigroup on the board, the outcome of this vote could mark a pivotal moment in corporate Bitcoin adoption.