The executive chairman of MicroStrategy will have three minutes to convince the tech giant’s board to diversify its assets into Bitcoin.
Michael Saylor, co-founder of MicroStrategy, has been invited to present a Bitcoin investment strategy to Microsoft‘s board of directors. This move follows a proposal by the National Center for Public Policy Research (NCPPR), which has increased pressure on Microsoft to consider including Bitcoin in its portfolio.
During an X (formerly Twitter) Space organized by VanEck, Saylor stated:
“The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation.”
On December 10, Microsoft shareholders will vote on a proposal that could integrate Bitcoin into the company’s balance sheet. Among the key shareholders are financial institutions such as Vanguard Group, BlackRock, State Street, and Fidelity Management & Research.
The most compelling argument in favor of the investment lies in the numbers: MicroStrategy, under Saylor’s leadership, has seen a 581% increase in stock value this year, far outperforming Microsoft’s 12%.
Microsoft’s board of directors initially recommended voting against the proposal, stating that it already considers “a broad range of investment assets,” including Bitcoin. However, Ethan Peck, deputy director of the NCPPR’s Free Enterprise Project, argued that the decision not to invest in Bitcoin could expose the company to potential shareholder lawsuits if the asset’s price were to rise significantly.
Saylor also noted that other tech giants, such as Apple, Google, and Meta, with their substantial cash reserves, should seriously consider investing in Bitcoin to maximize shareholder value.
