Michael Saylor to advise Microsoft board on Bitcoin investment
Microsoft discusses bitcoin purchase
MicroStrategy founder Michael Saylor plans to present to Microsoft’s board of directors about the benefits of investing in Bitcoin.
As Saylor mentioned during an X podcast, his presentation will be brief, lasting just three minutes.
“The activist who proposed this idea reached out to me to present it to the board. I agreed to make a three-minute presentation — that’s all the time allowed. I will deliver it to Microsoft’s board of directors,” the entrepreneur explained.
Earlier, Saylor offered to meet with Microsoft CEO Satya Nadella for a confidential discussion about the company investing in Bitcoin, but his offer was declined. Now, he is preparing a concise proposal to submit to the board.
Upcoming vote
In October, Microsoft announced that one of the issues for its December 10 vote would be whether to assess the potential of investing in Bitcoin. The proposal was introduced by the National Center for Public Policy Research (NCPPR), which highlighted that MicroStrategy’s Bitcoin investment strategy has led to its stock price rising over 300% this year, despite its business being significantly smaller than Microsoft’s.
Microsoft’s board has already recommended voting against the proposal, stating that the company “already evaluates a wide range of investable assets,” including Bitcoin. However, Ethan Peck, deputy director of NCPPR’s Free Enterprise Project, noted that conducting the assessment but deciding not to invest could put Microsoft in a difficult position.
Microsoft’s board comprises 12 members, including Nadella as chairman, along with top executives from Walt Disney Company, Citigroup, Wells Fargo, and GSK.
Earlier this year, Microsoft announced plans for billion-dollar investments in AI in Germany.
