Outside Source
MicroStrategy’s executive chairman, Michael Saylor, will give a presentation about investing in Bitcoin to Microsoft’s board in just three minutes.
This announcement came after Michael Saylor joined VanEck’s X Spaces on Nov. 19. In a very limited time, he will ask the board of directors to invest their massive allocation into Bitcoin.
“The activist that put that proposal together contacted to me to present to the board, and I aggreed to provide a three-minute presentation,” Saylor says on X Spaces.
Microsoft is one of the biggest tech companies in the world, with $78 billion in cash. The company also manages multiple investments in various companies, such as OpenAI, but none of their funding invests in Bitcoin, cryptocurrency, or any crypto-related products.
Saylor says that 1.5% of the stock value comes from intangible assets, while the rest of it is leveraged into quarterly earnings. Earlier this October, Microsoft had voting items for December, which would be an assessment time for investing in Bitcoin.
If the company accepts Saylor’s presentation, it would significantly impact the company and the market, as one of the oldest tech companies would bring in their funding into Bitcoin.
Michael Saylor ever reached Nadella on X
Microsoft CEO Satya Nadella was ever reached by Saylor on X, Oct. 25. He mentioned that he could contact Saylor if the company he led wanted to make another trillion dollars for the shareholders.
Saylor also noted that MicroStrategy shares (MSTR) have seen a skyrocketing stock increase in the past year, which rose to 331%. The institutional and corporate adoption that has risen in recent years is going to be commonplace in the near future.
MicroStrategy’s stocks have risen even further, up to 2,735% in the past 5 years since they became the first company in the world to acquire Bitcoin into their balance sheet.
This article first appeared at crypto.news
