MicroStrategy co-founder Michael Saylor has made a bold statement to Microsoft's board, suggesting the tech giant adopt Bitcoin as its primary asset.
Michael Saylor's Proposal
Addressing Microsoft CEO Satya Nadella and the company's board of directors, Saylor argued that Bitcoin represents “the greatest digital transformation of the 21st century.” In a three-minute presentation shared online, he highlighted Bitcoin's potential to reshape corporate finance and increase Microsoft's enterprise value.
Microsoft's Financial Strategy
Saylor criticized Microsoft’s financial strategy of returning capital to shareholders through dividends and buybacks, arguing that such moves increase risks for shareholders. Instead, he recommended Bitcoin as a superior alternative without counterparty risk. Saylor claimed that if Microsoft converted its cash flows, dividends, buybacks, and debt into Bitcoin, the company's stock price could increase by $584 per share, adding $4.9 trillion to its enterprise value by 2034.
MicroStrategy's Bitcoin Strategy
Under Saylor’s leadership, MicroStrategy has been a pioneer in institutional Bitcoin adoption. Since it began accumulating in 2020, the company has amassed 386,700 BTC, worth over $37.7 billion at current prices. The firm’s aggressive Bitcoin strategy has paid off, with shares up 465% year to date.
Saylor's recent presentation to Microsoft underscores his belief that Bitcoin is a transformative asset for large companies. While Microsoft has not publicly commented on Saylor's recommendation, the proposal highlights Bitcoin's growing influence in corporate strategy discussions.
