Crypto News
| Published On Nov 20, 2024 1:05 pm CET | By Ricky Grant

Michael Saylor Advocates for Bitcoin Investment in Microsoft Board Proposal

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Michael Saylor, the chairman of MicroStrategy, has promised to support Bitcoin investment before the Microsoft board of directors. Michael Saylor disclosed his forthcoming three-minute presentation at a VanEck-hosted X Spaces event on Nov. 19.

“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,” Saylor shared. This initiative aims to highlight Bitcoin’s potential to strengthen Microsoft’s financial strategy.

Previously, Saylor suggested a private meeting with Microsoft CEO Satya Nadella to explore the topic. However, that proposal was declined. Undeterred, Saylor expressed his intent to proceed: “You will see me putting together the three-minute proposal for Microsoft […], and we’ll send it to the board.”

Bitcoin as a Strategic Asset

Saylor’s push for Bitcoin aligns with his broader advocacy for cryptocurrency adoption among major corporations. He has consistently argued that Bitcoin offers stability and enhances shareholder value.

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The activist proposal stems from the National Center for Public Policy Research (NCPPR). It highlights MicroStrategy’s Bitcoin-focused strategy, noting its stock outperformed Microsoft’s by over 300% in 2024, despite having a much smaller business.

Microsoft’s board, however, recommended voting against the proposal, citing their ongoing evaluation of “a wide range of investable assets,” including Bitcoin.

Ricky Grant

Ricky is a bitcoin enthusiast and understands the significance of cryptocurrencies not just in the iGaming industry but in society. Ricky has a particular interest in the US Casino landscape, and anything related to this. His favorite casino table games are blackjack and baccarat.