Michael Saylor to Pitch Bitcoin Investment to Microsoft

user avatar

by Giorgi Kostiuk

2 years ago

Michael Saylor, the Chairman of MicroStrategy, has been given the go-ahead to make a three-minute presentation to Microsoft's board regarding Bitcoin investment.

Background and Saylor's Initiative

Michael Saylor was contacted by activists to present his idea of investing in Bitcoin to Microsoft's board. He believes this should be considered by other major companies with large cash reserves.

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.

Microsoft's Response to the Proposal

In October, Microsoft disclosed that voting in December would include a proposal about Bitcoin investment, initiated by the National Center for Public Policy Research. However, Microsoft's board recommended voting against it, as they already evaluate a wide range of investable assets including Bitcoin.

Prospects and Possible Implications

According to the deputy director of the NCPPR’s Free Enterprise Project, if Microsoft conducts the assessment and decides not to invest in Bitcoin, it could lead to tension within the company. This is a developing story, and further information will be added as it becomes available.

Michael Saylor's proposal may become an important step in Microsoft's decision-making on future investments, considering current cryptocurrency market trends.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

SpaceX's Historic IPO and Billionaire Backing

chest

SpaceX's IPO in June saw its stock price initially soar but has since faced volatility, with significant investments from billionaires.

user avatarTomas Novak

Strategy Halts Bitcoin Transactions for the Week

chest

Strategy did not engage in any Bitcoin purchases or sales last week, maintaining its holdings at 840,447 BTC.

user avatarKaterina Papadopoulou

Fake Downloads of The Odyssey Spread Lumma Stealer Malware

chest

Security firm Bitdefender warns that pirated copies of The Odyssey are circulating with malware designed to steal cryptocurrency wallets.

user avatarMaya Lundqvist

Shiba Inu SHIB Gains Momentum with New Listings and Adoption

chest

Shiba Inu SHIB has been listed on the Australian exchange FameEX and is now usable at Dubai Duty Free airport stores, marking significant adoption milestones.

user avatarLeo van der Veen

Rise in Wrench Attacks Targeting Cryptocurrency Holders

chest

The report highlights a surge in wrench attacks, particularly in France, where criminals are targeting cryptocurrency holders.

user avatarAisha Farooq

Massive Data Breach Exposes French Tax Records

chest

A hacker is selling a large database of French tax records that could affect over 678,000 individuals and businesses, raising concerns about phishing and identity theft.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.