• 20 November, 2024
Markets News

Michael Saylor to Present BTC Investment Case to Microsoft

Michael Saylor to Present BTC Investment Case to Microsoft

Bitcoin advocate and MicroStrategy chairman Michael Saylor has announced his upcoming three-minute presentation to Microsoft’s board of directors regarding Bitcoin investment. The development is a key step in Saylor’s ongoing mission to promote corporate Bitcoin adoption.

Saylor started MicroStrategy’s Bitcoin strategy in 2020 and has been a major vocal proponent of corporate BTC investment. Under his leadership, MicroStrategy has accumulated over 331,200 BTC, and according to data from Saylortracker, MicroStrategy’s BTC stash is worth around $30.75 billion with an unrealized profit of $14.16 billion at press time.

Speaking during a VanEck-hosted X Spaces event on November 19, Saylor revealed his plan to present the Bitcoin investment case to Microsoft’s board. The presentation opportunity arose after the National Center for Public Policy Research (NCPPR) pushed for a voting item regarding Bitcoin investment assessment at Microsoft’s December meeting.

“I think it’s not a bad idea to put it on the agenda of every company,” Saylor stated, emphasizing that major tech companies like Apple, Google, and Meta should consider Bitcoin for their treasury reserves. Saylor highlighted Microsoft’s current financial structure, noting that 98.5% of its enterprise value is tied to quarterly earnings, while only 1.5% comes from tangible assets. He argued that incorporating Bitcoin could provide more stability and reduce risk.

Trump Odds & MicroStrategy’s Bitcoin Spree Boost BTC Price

“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,” Saylor explained. Throughout his Bitcoin advocacy journey, Saylor has consistently emphasized Bitcoin’s role as a treasury reserve asset. His influence has extended beyond MicroStrategy, with his public speaking engagements, educational content, and social media presence helping drive institutional interest in Bitcoin.

During his recent conversation on CNBC, Saylor even stated that he is planning the $100k party for BTC at his house on New Year’s Eve. He also stated that Bitcoin is the manifest destiny of the United States.

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