Analysis
October 26, 2024 3:37 PM
Michael Saylor, the Bitcoin-enthusiastic founder and chairman of MicroStrategy, has proposed a strategy to Microsoft that he claims could generate a trillion dollars. Following news that Microsoft shareholders will consider a Bitcoin investment proposal, Saylor reached out to CEO Satya Nadella via Twitter.
Saylor's proposal comes as Microsoft prepares for a shareholder vote on whether to invest in Bitcoin as a treasury reserve asset. Despite the board's recommendation against the idea, Saylor advocates for the potential financial benefits, citing MicroStrategy's success since it began investing in Bitcoin in 2020.
MicroStrategy, under Saylor's leadership, has amassed 252,220 Bitcoin, valued at $16.8 billion. This strategic investment has significantly boosted the company's valuation, making it the largest corporate holder of Bitcoin.
Saylor, a vocal proponent of Bitcoin, describes it as "digital gold" and a superior long-term store of value. He envisions MicroStrategy evolving into a "Bitcoin bank" with a future valuation reaching a trillion dollars, far surpassing its current $47 billion market cap.
The proposal for Microsoft to invest in Bitcoin will be voted on in December, as revealed in a recent SEC filing. While the board advises against it, Saylor's public endorsement highlights the ongoing debate over Bitcoin's role in corporate treasury strategies.
Saylor's outreach to Microsoft underscores his belief in Bitcoin's transformative potential for major corporations, offering a glimpse into his ambitious vision for the cryptocurrency's future in the business world.
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