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MicroStrategy Chairman Michael Saylor has agreed to make a 3-minute presentation to Microsoft’s board of directors on investing in BTC, and said Warren Buffett’s Berkshire Hathaway, Apple, Google, and Meta should also be considering BTC.
“The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation,” Saylor said in a Nov. 19 X Spaces hosted by fund management giant VanEck.
Microsoft To Vote On Investing In Bitcoin In Upcoming Shareholder Meeting
Microsoft disclosed in December that one of the voting items in its next shareholder meeting will be whether or not the company should invest in Bitcoin. This is after a proposal for the software giant to invest in BTC was made by the National Center for Public Policy Research (NCPPR).
The proposal cited MicroStrategy’s Bitcoin investment and how the company’s stock, MSTR, has outperformed Microsoft’s despite the former being a smaller company.
Microsoft’s board of directors has already urged the company’s shareholders to reject the proposal, entitled “Assessment of Investing in Bitcoin,” which will be put forward during the firm’s Dec. 10 meeting.
Saylor said that he initially proposed to meet with Microsoft CEO Satya Nadella to discuss the topic “in confidence.” However, the offer was rejected.
Michael Saylor Says Investing In Bitcoin Could Make Microsoft Stock “Less Risky”
Saylor said that investing in Bitcoin “ought to be put on the agenda” of large firms such as “Berkshire Hathaway and Apple and Google and Meta” who have “huge hordes of cash” and are all “burning shareholder value.”
Year to date, $MSTR's treasury operations delivered a BTC Yield of 41.8%, providing a net benefit of ~79,130 BTC to our shareholders. This equates to ~246 BTC per day, acquired without the cost, energy consumption, or capital expenditures typically associated with Bitcoin mining.
— Michael Saylor⚡️ (@saylor) November 19, 2024
According to Saylor, 98.5% of Microsoft’s enterprise value is leveraged to its quarterly earnings while only 1.5% of the company’s stock value comes from its tangible assets. “It would be a lot more stable stock and a much less risky stock if half of the enterprise value of the stock was based upon tangible assets or property like Bitcoin,” he said.
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