Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

Bitcoin bull and MicroStrategy Chairman Michael Saylor said he was given the go-ahead to give a three-minute presentation to Microsoft’s board of directors about investing in Bitcoin.

“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 — and I’m going to present it to the board of directors,” said Saylor in a Nov. 19 X Spaces hosted by VanEck.

“I think it’s not a bad idea to put it on the agenda of every company. It ought to be put on the agenda of Berkshire Hathaway and Apple and Google and Meta because they all have huge hordes of cash, and they’re all burning shareholder value,” he added.

Microsoft’s board of directors currently consists of 12 members, including chairman and CEO Satya Nadella and high-ranking executives from The Walt Disney Company, Citigroup, Wells Fargo and GSK.

In October, Microsoft disclosed that one of its voting items for December will be about an assessment into investing in Bitcoin.

The proposal was being pushed by the National Center for Public Policy Research (NCPPR), which highlighted MicroStrategy’s Bitcoin investment strategy and that its share price has outperformed Microsoft by over 300% this year “despite doing a fraction of the business” of Microsoft.

At the time, Microsoft’s board recommended voting against it because they already “evaluate a wide range of investable assets,” including Bitcoin.

However, Ethan Peck, deputy director of the NCPPR’s Free Enterprise Project, later told Cointelegraph that the proposal would put Microsoft in a tight position if it conducts the assessment and determines not to invest in the asset.

This is a developing story, and further information will be added as it becomes available.