Key Points
- Microsoft’s shareholder meeting on December 10th will discuss the possibility of using Bitcoin as a hedge against inflation.
- MicroStrategy Chairman Michael Saylor will present a three-minute case for Bitcoin investment to Microsoft’s board.
Microsoft is gearing up for an important shareholder meeting on December 10th. The agenda includes a significant proposal: considering Bitcoin as a hedge against inflation and economic instability.
Michael Saylor Advocates for Bitcoin
In an unexpected turn of events, a recent filing with the Securities and Exchange Commission (SEC) disclosed that MicroStrategy Chairman Michael Saylor is slated to present his argument for Bitcoin investment to the Microsoft board in a concise three-minute session.
Microsoft’s board, which is chaired by CEO Satya Nadella, comprises senior executives from prominent companies like Disney, Citigroup, Wells Fargo, and GSK. Saylor confirmed his presentation during an X Spaces event hosted by VanEck on November 19th.
Saylor, a recognized Bitcoin proponent, has repeatedly shown his dedication to the cryptocurrency, both personally and through his company. He owns approximately 17,732 BTC, worth nearly $1 billion. His company, MicroStrategy, has also heavily invested in Bitcoin, amassing $4.6 billion worth to date.
MicroStrategy’s Bitcoin Strategy
The company recently purchased an additional 51,780 BTC between November 11th and 17th, according to an SEC filing. Saylor has expressed his intention to promote BTC adoption at the corporate level within Microsoft, following Satya Nadella’s refusal for a private discussion.
The National Center for Public Policy Research (NCPPR) supports this initiative, noting that MicroStrategy’s Bitcoin-centric investment strategy has significantly outperformed Microsoft’s stock this year, delivering over 300% higher returns, despite operating on a smaller scale.
Saylor suggested that every company, including Berkshire Hathaway, Apple, Google, and Meta, should consider Bitcoin, given their substantial cash reserves. He highlighted that only 1.5% of Microsoft’s enterprise value comes from its tangible assets, while the remaining 98.5% is connected to its quarterly earnings.
In the last 24 hours, Bitcoin saw a 0.92% increase, reaching a value of $92,461.02. At the same time, MicroStrategy’s stock MSTR experienced a significant surge, climbing 11.89% to trade at $430.54, according to Google Finance. This fluctuation underscores how the performance of cryptocurrencies can influence the market outlook of companies invested in digital assets.
