Key Takeaways
- Michael Saylor will advocate for Bitcoin investments to Microsoft's board.
- MicroStrategy's Bitcoin strategy outperformed Microsoft by over 300% this year.
- The proposal will be voted on during Microsoft's December board meeting.
MicroStrategy Chairman Michael Saylor is set to present a three-minute pitch to Microsoft’s board of directors advocating for Bitcoin investments.
Saylor announced his plans during a Nov. 19 X Spaces discussion hosted by VanEck, stating:
The activist that put that proposal together contacted me to present to the board, and I agreed to provide a three-minute presentation — that’s all you’re allowed.
Cash reserves
Saylor emphasized that companies with significant cash reserves should consider Bitcoin investments, naming firms like Berkshire Hathaway, Apple, and Meta as potential candidates.
He argued that holding Bitcoin could help preserve shareholder value by providing a more stable and less risky alternative to traditional cash reserves.
Microsoft’s board
Microsoft’s board, which includes CEO Satya Nadella and executives from Disney, Citigroup, and Wells Fargo, will vote on the proposal in December.
The initiative was introduced by the National Center for Public Policy Research (NCPPR).
In their proposal, the NCPPR highlighted MicroStrategy’s Bitcoin strategy, noting that its stock has outperformed Microsoft’s by over 300% this year despite its smaller business scale.
Previous board recommendation
While Microsoft’s board previously recommended rejecting the proposal, citing their current evaluation of a range of assets, NCPPR’s Ethan Peck warned the company could face pressure if their assessment rules out Bitcoin.
