Michael Saylor to Discuss Bitcoin Reserve with Microsoft
On December 10, MicroStrategy founder Michael Saylor will present to Microsoft’s board of directors a proposal to use the leading cryptocurrency as a treasury reserve asset.
— VanEck (@vaneck_us) November 8, 2024
“I agreed to make a three-minute presentation,” explained the Bitcoin maximalist.
Saylor noted that he was previously denied a “confidential” discussion on this topic with Microsoft CEO Satya Nadella.
The initiative was proposed by the National Center for Public Policy Research. Experts from the organization highlighted MicroStrategy’s investment strategy and its stock growth of over 300% compared to the tech giant’s shares.
On November 19, the company founded by Saylor entered the top 100 in market capitalization among U.S. stock market corporations, with a valuation of $96.73 billion.
“It’s a good idea to include [adding the leading cryptocurrency as a reserve asset] on the agenda of every organization. This should be the case for Berkshire Hathaway, Apple, Google, and Meta. They have huge cash reserves and are burning shareholder value,” Saylor pointed out.
According to the MicroStrategy founder, 98.5% of Microsoft’s enterprise value is tied to its quarterly earnings, while 1.5% is attributed to tangible assets.
“If half of the metric were based on the second component or property like Bitcoin, these would be much more stable and less risky stocks,” Saylor explained.
Previously, Microsoft informed that its board of directors recommended voting against the proposal, as the governing body already “evaluates a wide range of investable assets,” including the leading cryptocurrency.
On November 19, MicroStrategy announced plans to issue five-year senior convertible bonds worth $1.75 billion to purchase digital gold.
During the same period, MARA (formerly Marathon Digital), Genius Group, and Metaplanet announced the development of a similar Bitcoin holding strategy.
From November 11 to 17, MicroStrategy acquired 51,780 BTC for approximately $4.6 billion at an average price of about $88,627. The firm’s reserves reached 331,200 BTC, for which it spent around $16.5 billion — approximately $49,874 per coin.
In October, MicroStrategy unveiled the “Plan 21/21,” aimed at raising $42 billion over the next three years to purchase digital gold.
Earlier, Saylor announced his intention to transform the company into a Bitcoin bank with a capitalization of $1 trillion.
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