In a bold three-minute presentation to Microsoft's board of directors, MicroStrategy's Executive Chairman Michael Saylor made a compelling case for the tech giant to adopt Bitcoin as a strategic reserve asset rather than continuing stock buybacks.
Saylor, a prominent Bitcoin advocate, emphasized that Bitcoin represents "digital capital" and warned Microsoft against missing what he calls "the next technology wave." The presentation highlighted how Bitcoin has outperformed Microsoft shares by 12 times annually, while MicroStrategy's stock surged 3,045% after acquiring Bitcoin compared to Microsoft's 103% growth.
"Bitcoin is the best asset that you can own. The numbers speak for themselves. It makes a lot more sense to buy Bitcoin than buy your own stock back, or to hold bonds," Saylor stated in his presentation, which was later shared on YouTube.
The Bitcoin maximalist presented two clear paths for Microsoft: maintain traditional financial strategies with slower growth and increased investor risk, or embrace Bitcoin for accelerated growth potential. He introduced Bitcoin24, a customized solution for corporate Bitcoin adoption, projecting Microsoft's share price could reach $584 with implementation.
According to Saylor's analysis, Microsoft's risk profile could improve substantially with Bitcoin adoption, potentially reducing share risk from 95% to 59%, while annual recurring revenue could increase from 10.4% to 15.8%.
The presentation comes at a pivotal time as Microsoft shareholders prepare to vote on a proposal regarding Bitcoin investment on December 10. The Microsoft board has previously advised shareholders against the proposal, calling it "unwarranted."
Saylor's pitch emphasizes Bitcoin's projected growth, suggesting it could represent $280 trillion of global wealth in the next 20 years, surpassing traditional assets like gold and art. He also highlighted increasing political and market support, including the emergence of Bitcoin ETF products and favorable regulatory environment.
The tech community's response to Saylor's rapid-fire presentation has been mixed, with some praising his ability to cover 58 slides in just 191 seconds, while others question the limited time allocated for such a complex proposal.