MicroStrategy Chairman Michael Saylor is set to make a case for Bitcoin investment to Microsoft Corporation's board of directors at next month's shareholders meeting. The tech executive will deliver a three-minute presentation advocating for the leading cryptocurrency as a treasury asset.
The presentation comes after Microsoft shareholders requested the board to assess potential Bitcoin investments, pointing to the cryptocurrency's strong performance over the past five years. Microsoft currently holds $78 billion in cash reserves but has not allocated any funds to digital assets.
During a recent VanEck-hosted discussion, Saylor emphasized that major tech companies like Microsoft, Apple, and Google should consider Bitcoin for their treasury strategies, arguing they are "burning shareholder value" by holding large cash positions.
"Microsoft stock would be much less risky if half of its enterprise value was based on tangible assets like Bitcoin," Saylor stated. He highlighted that currently only about 1.5% of Microsoft's enterprise value comes from tangible assets.
Saylor also revealed he had proposed a direct meeting with Microsoft CEO Satya Nadella to discuss Bitcoin strategy, though this offer was not accepted. The MicroStrategy chairman previously claimed he could help Microsoft "make the next trillion dollars" through Bitcoin adoption.
As the largest corporate Bitcoin holder through MicroStrategy, with holdings valued around $30 billion, Saylor's track record lends weight to his upcoming presentation. MicroStrategy's shares have outperformed Microsoft in 2024, demonstrating the potential impact of corporate Bitcoin investment.
While Microsoft's board has recommended against adopting the Bitcoin proposal, the final decision will largely depend on votes from major shareholders including BlackRock, Vanguard, State Street, and Fidelity.
Bitcoin traded at $92,054 at press time, while MicroStrategy's stock surged nearly 12% in Tuesday's trading session.