Michael Saylor to Pitch Bitcoin Investment to Microsoft's Board Amid Shareholder Pressure

November 20, 2024
Michael Saylor to Pitch Bitcoin Investment to Microsoft's Board Amid Shareholder Pressure
  • MicroStrategy Chairman Michael Saylor is set to present a compelling case for Bitcoin investment to Microsoft's board of directors.

  • Despite some shareholder interest, Microsoft's board has recommended voting against the proposal, asserting that they already evaluate a variety of investable assets, including Bitcoin.

  • Saylor had previously reached out to Nadella to discuss Bitcoin investment but was met with a rejection for a private meeting, leading to his formal presentation.

  • Ethan Peck from the NCPPR has warned of potential shareholder lawsuits if Microsoft opts not to invest in Bitcoin and its value subsequently increases.

  • Currently, Microsoft holds $78 billion in cash reserves but has not invested in Bitcoin or cryptocurrency-related products, despite Saylor's claims that Bitcoin could be a superior alternative to cash.

  • The Microsoft board consists of 12 members, including CEO Satya Nadella and executives from major corporations like The Walt Disney Company and Citigroup.

  • Notably, MicroStrategy's stock has outperformed Microsoft's by over 300% this year, despite its smaller scale.

  • Saylor argues that integrating Bitcoin into corporate assets could stabilize Microsoft's stock valuations, which are currently heavily reliant on quarterly earnings rather than tangible assets.

  • Microsoft shareholders will vote on the Bitcoin investment proposal on December 10, 2024, following its introduction by the National Center for Public Policy Research (NCPPR).

  • This proposal comes after Saylor's recent engagement in VanEck’s X Spaces on November 19, where he was invited to present the case.

  • An activist shareholder proposed Saylor's presentation, which is scheduled to last three minutes.

  • Saylor plans to post his presentation online after delivering it to the board, aiming to influence their decision on this significant investment opportunity.

Summary based on 9 sources


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