Michaela Alvez
Michael Saylor, co-founder of MicroStrategy, has delivered a three-minute presentation to Microsoft’s board of directors, advocating for the tech giant to integrate Bitcoin into its balance sheet within the next few years.
In his 44-slide presentation, Saylor suggested that Microsoft could increase its market capitalization by nearly $5 trillion if it fully embraced Bitcoin as part of its financial strategy. Saylor recommended that Microsoft consider converting its cash flows, dividend distributions, stock repurchases, and debt into cryptocurrency as part of its strategic approach.
“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 Bitcoin rather than holding bonds,” Saylor stated in his presentation. Additionally, he recommended that Microsoft allocate $100 billion annually to invest in Bitcoin.
Saylor emphasized that public and political support for Bitcoin is ‘surging,’ noting the backing for the U.S. Bitcoin strategic reserve and sharing a clip of President-elect Donald Trump saying, ‘Never sell your Bitcoin.’
The executive chairman of MicroStrategy asserted that we are entering the first year of a “crypto renaissance,” urging Microsoft to choose between holding onto the past or embracing the future.
MicroStrategy Owns Billions in Bitcoin Holdings
MicroStrategy became one of the largest publicly traded corporate holders of Bitcoin, acquiring the cryptocurrency as part of its treasury management plan. MicroStrategy began purchasing Bitcoin in August 2020, with its current Bitcoin holdings valued at $36.7 billion.
Michael Saylor has been vocal about his belief that Bitcoin is a superior asset compared to traditional investments. His stance has made MicroStrategy a prominent figure in the ongoing conversation around cryptocurrency adoption by institutions.
Read More
- Microsoft to Bitcoin: Thanks, but No Thanks (We’re Good With Clippy)
- MicroStrategy Plans $700 Million Convertible Note Offering
- Microsoft to Consider Bitcoin Investment in Shareholder Vote, Board Disagrees
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
