Will Microsoft Buy Bitcoin? Saylor to Present Strategic Bitcoin Proposal to Microsoft
MicroStrategy co-founder Michael Saylor is preparing to present to Microsoft’s (MSFT) board of directors about the potential of Bitcoin. This initiative follows a shareholder proposal to evaluate Bitcoin as a treasury asset on Microsoft’s balance sheet, the largest cryptocurrency in the world. Saylor announced that he accepted the offer to make a three-minute presentation to Microsoft during a Twitter Space event organized by VanEck on November 19.
Saylor emphasized the importance of cryptocurrencies for sustainable corporate value and argued that Bitcoin could enhance the stability of company stocks. According to him, holding large cash reserves makes it necessary to consider Bitcoin as a store of value to ensure long-term financial stability for companies.
Investor demand for Bitcoin is increasing. Microsoft shareholders will vote on the economic implications of adding Bitcoin to the company’s balance sheet at the upcoming general meeting in December. This proposal was presented by the National Center for Public Policy Research (NCPPR), citing the success of MicroStrategy's Bitcoin-focused investment strategy. The performance of MicroStrategy’s stock, which has outperformed Microsoft’s by 300% this year, highlights the advantages of investing in Bitcoin.
Saylor’s previous request for a private meeting with Microsoft CEO Satya Nadella on this topic was declined. However, his upcoming presentation presents a significant opportunity for Bitcoin to be considered a corporate investment strategy. Saylor argues that Bitcoin is a suitable option not only for Microsoft but also for other companies with substantial cash reserves.
Saylor’s efforts have begun to attract the attention of major companies that recognize Bitcoin's potential for value appreciation. Throughout this year, MicroStrategy has significantly increased its Bitcoin reserves, strengthening its position in this area. Believing that Bitcoin offers stable financial protection, Saylor asserts that technology giants like Microsoft should consider this step.
The crypto community is closely monitoring Bitcoin's peak exploration. Bitcoin tested the $94,000 range yesterday, setting a new record. It then retraced to around $91,500 due to partial profit-taking during the Asian session. Meanwhile, Bitcoin has started regaining demand in the European session, currently trading at $93,600, close to its peak level. Recently, Bitcoin has been viewed as a solid investment opportunity under prevailing market conditions and inflation risks. A strong Bitcoin advocate, Saylor aims to present a compelling argument regarding the opportunities Bitcoin presents for Microsoft amid these positive market dynamics.