🌋 Michael Saylor Will Pitch Bitcoin to Microsoft's Board
posted 20 Nov 2024
MicroStrategy CEO Michael Saylor will meet Microsoft’s Board of Directors in December to discuss the tech company investing in Bitcoin.
The famous Bitcoin advocate will present a 3-minute speech on why the step may be beneficial for Microsoft’s stock.
Saylor announced the news during an X Spaces event hosted by VanEck.
Microsoft announced it will discuss Bitcoin investment in its shareholders’ meeting on December 10.
According to Microsoft’s latest financial reports, the company holds over $78 billion in cash and cash equivalents. It is the third most valuable publicly listed company, with a market cap exceeding $3.1 trillion, following NVIDIA and Apple.
Saylor believes corporations with large cash reserves are burning shareholder value by holding cash instead of investing in Bitcoin.
In an interview with the PBD Podcast, Saylor said he could even convince Warren Buffett to buy Bitcoin. He reiterated that Bitcoin is a revolution and argued that companies allocating part of their reserves to BTC could generate trillions of dollars for shareholders.
As for MicroStrategy, the company currently holds 331,200 Bitcoins, worth more than $26 billion. It began investing in BTC in 2020.
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