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Microstrategy Chairman Michael Saylor agreed to make a 3-minute presentation to Microsoft's board of directors about investing in btc, and said Berkshire Hathaway, Apple, Google, and Warren Buffett's Meta should also consider btc.
“The activist who put together that proposal contacted me to present it to the board and I agreed to do a three-minute presentation,” Saylor said in a Nov. 19 x Spaces article. <a target="_blank" href="https://x.com/vaneck_us/status/1854915410371457236″>hosted by fund management giant VanEck.
<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/11/MicroStrategy-President-Michael-Saylor-to-Present-BTC-Buying-Strategy-to.jpeg" alt="Microsoft puts bitcoin on the line as shareholders prepare for high-stakes December vote – TokenPost”/>
Microsoft to vote on investing in bitcoin at next shareholder meeting
Microsoft revealed in December that one of the voting items at its upcoming shareholder meeting will be whether or not the company should invest in bitcoin. This is because the National Center for Public Policy Research (NCPPR) made a proposal for the software giant to invest in btc.
The proposal cited MicroStrategy's bitcoin investment and how the company's stock, MSTR, has outperformed Microsoft's despite the former being a smaller company.
Microsoft's board of directors has already urged The company's shareholders rejected the proposal, titled “bitcoin Investment Evaluation,” which will be presented during the company's meeting on December 10.
Saylor said he initially proposed meeting with Microsoft CEO Satya Nadella to discuss the issue “in confidence.” However, the offer was rejected.
Michael Saylor Says Investing in bitcoin Could Make Microsoft Stock 'Less Risky'
Saylor said that investing in bitcoin “should be put on the agenda” of large companies like “Berkshire Hathaway, Apple, Google and Meta,” which have “huge hordes of cash” and are “burning shareholder value.”
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”14.942942942943″>
Year to date, <a target="_blank" href="https://twitter.com/search?q=%24MSTR&src=ctag&ref_src=twsrc%5Etfw”>$MSTRbtc treasury trades generated a 41.8% btc return, providing a net profit of ~79,130 btc to our shareholders. This equates to ~246 btc per day, acquired without the cost, energy consumption or capital expenditure typically associated with bitcoin mining.
—Michael Saylor (@saylor) <a target="_blank" href="https://twitter.com/saylor/status/1858851698338345365?ref_src=twsrc%5Etfw”>November 19, 2024
According to Saylor, 98.5% of Microsoft's enterprise value is based on its quarterly earnings, while only 1.5% of the company's stock value comes from its tangible assets. “It would be a much more stable and much less risky stock if half of the enterprise value of the stock was based on tangible assets or property like bitcoin,” he said.
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