Michael Saylor, the founder of MicroStrategy, which owns the most Bitcoin in the world, will present a presentation to the Microsoft board of directors to encourage them to invest in Bitcoin.
Saylor said she will be presenting at the X Spaces event hosted by VanEck on November 19.
Saylor said that with his presentation, he would try to convince the Microsoft board of directors to invest in Bitcoin, saying that Bitcoin is a powerful tool to increase Microsoft's financial stability.
Saylor also said that Bitcoin would make Microsoft a more stable and less risky stock.
Accordingly, the Microsoft board of directors agreed to give Saylor three minutes to present his Bitcoin investment strategy, and the board will consider the proposal in December.
Saylor said that he had previously offered to meet with Microsoft CEO Satya Nadella in secret to discuss Bitcoin investment, but that offer was not accepted.
Stating that the latest Bitcoin presentation proposal came from an activist, Saylor said, “The activist who brought this proposal contacted me to present it to the Microsoft board of directors and I agreed to give a three-minute presentation and will present the topic of Bitcoin investment to the board of directors.”
Famous bull Saylor also argued that companies with high cash reserves such as Berkshire Hathaway, Apple, Google and Meta should also consider investing in Bitcoin.
Noting that 98.5 percent of Microsoft’s enterprise value is based on quarterly earnings and only 1.5 percent on tangible assets, Saylor said, “If half of the stock value was backed by tangible assets like Bitcoin, the stock would be much more stable and lower risk.”
As you may recall, Microsoft announced in October that Bitcoin investment would be considered on the December agenda.
*This is not investment advice.
