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MicroStrategy co-founder and Bitcoin bull Michael Saylor told Microsoft it can’t afford to miss out on Bitcoin, arguing that investing in the king of cryptos could add nearly $5 trillion to the company’s market capitalization.
“Microsoft can’t afford to miss the next technology wave, and Bitcoin is that wave,” Saylor said in a 3-minute clip of a pitch he made to Microsoft that he shared on X. “Bitcoin represents the greatest digital transformation of the 21st century. If you do that, you’ll add hundreds of dollars to the stock price. You can create trillions of dollars of enterprise value.”
Saylor cited pro-crypto comments by US president elect Donald Trump in his presentation, arguing that the market is undergoing a “crypto renaissance” amid “surging” interest for the leading crypto and new political backing.
Michael Saylor Says Bitcoin Could Boost Microsoft Stock By Up To $584
During his pitch to Microsoft CEO Satya Nadella and the software giant’s board of directors, Saylor said that Microsoft has “surrendered hundreds of billions of dollars of capital” over the years and has “amplified” the risks that the firm’s shareholders face.
Saylor said that the only way for Microsoft to “escape this vicious cycle” is to convert its cash flows, stock buybacks, dividend payouts and debt into BTC, which has no “counterparty risk.”
My 3-minute presentation to the $MSFT Board of Directors and @SatyaNadella, articulating why the company should do the right thing and adopt #Bitcoin. pic.twitter.com/aHp91V9Slz
— Michael Saylor⚡️ (@saylor) December 1, 2024
Saylor Tells Microsoft That It Should Invest $100 Billion Into BTC Annually
Saylor suggested Microsoft invest $100 billion annually in BTC and said that makes a lot more sense than buying its own stock back or holding bonds.
The potential BTC allocation could increase Microsoft’s share price by $584 per share by 2034, which will add $4.9 trillion to the company’s market cap, which now stands at about $3.18 trillion, Saylor said. The prediction assumes that BTC’s price reaches $1.7 million by 2034.
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