Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Michael Saylor to pitch Bitcoin plan to Microsoft board

Michael Saylor to pitch Bitcoin plan to Microsoft board

GrafaGrafa2024/11/20 13:37
By:Isaac Francis

MicroStrategy Chairman Michael Saylor has announced that he will present a three-minute pitch to Microsoft’s board of directors on why the tech giant should consider investing in Bitcoin (CRYPTO:BTC).

The opportunity comes as Microsoft prepares for a shareholder vote on December 10 regarding whether it should assess the potential of Bitcoin as an investment asset.

Saylor explained during a November 19 X Spaces event hosted by VanEck that he was approached by an activist behind the proposal.

“The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation — that’s all you’re allowed — and I’m going to present it to the board of directors,” Saylor stated.

Earlier, Saylor had offered to meet privately with Microsoft CEO Satya Nadella to discuss the idea, but that proposal was not taken up.

“So you will see me putting together the three-minute proposal for Microsoft […], and we’ll send it to the board,” he reiterated.

The push for this discussion comes from the National Center for Public Policy Research (NCPPR), which highlighted that MicroStrategy’s Bitcoin strategy has outperformed Microsoft’s share price by more than 300% this year, despite MicroStrategy’s smaller scale of operations.

Saylor argued that adding Bitcoin to Microsoft’s holdings could provide greater stability.

“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.

Microsoft’s board, which includes 12 members such as Nadella and executives from companies like The Walt Disney Company and Citigroup, has recommended shareholders vote against the proposal.

They stated that Microsoft already evaluates a broad range of investment assets, including Bitcoin.

Despite this, the upcoming vote could put Microsoft in a position to formally address its stance on Bitcoin.

At the time of reporting, the Bitcoin (BTC) price was $92,040.72.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!