Microsoft to consider Bitcoin as a hedge: Will Saylor’s proposal reshape how corporates view cryptocurrency?
In a surprising twist, a recent SEC filing revealed that MicroStrategy Chairman Michael Saylor is scheduled to present his case for Bitcoin investment to Microsoft’s board in a brief three-minute session.
For those unaware, Microsoft’s 12-member board, chaired by CEO Satya Nadella, includes top executives from firms like Disney, Citigroup, Wells Fargo, and GSK.“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 — and I’m going to present it to the board of directors.
This effort is supported by the National Center for Public Policy Research , which highlighted that MicroStrategy’s Bitcoin-focused investment approach has significantly outperformed Microsoft’s stock this year.“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.
Saylor emphasized that only 1.5% of Microsoft’s enterprise value stems from its tangible assets, while the remaining 98.5% is tied to its quarterly earnings.“It would be a lot more stable stock and a much less risky stock if half of the enterprise value of the stock was based upon tangible assets or property like Bitcoin. So I think there’s a great argument to be made. I think shareholders should make it.”Ishika is a graduate of Political Science from the University of Delhi.
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