Michael Saylor: Microsoft could gain $5 trillion market cap with Bitcoin

Bitcoin is the best asset Microsoft could own, said MicroStrategy co-founder Michael Saylor in a three-minute presentation to Microsoft.
“Microsoft can't afford to miss the next technological wave, and Bitcoin is that wave. Bitcoin represents the greatest digital transformation of the 21st century, symbolizing digital capital,” Saylor told Microsoft CEO Satya Nadella and the board of directors.
According to Saylor, it would be far more profitable for Microsoft to buy and hold Bitcoin instead of repurchasing its own stock or holding bonds.
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Saylor emphasized that over the past five years, Microsoft has lost hundreds of billions of dollars in capital, amplifying risks for shareholders. He argued that the company needs an asset free from counterparty risk to break this cycle.
The MicroStrategy co-founder claimed that Microsoft could increase its stock price by $584 per share and add $4.9 trillion to its market cap by 2034 by converting its cash flows, dividends, buybacks, and debts into Bitcoin.
MicroStrategy's Bitcoin strategy
MicroStrategy was one of the first publicly traded companies to make Bitcoin a cornerstone of its corporate strategy. Since 2020, the company has been aggressively acquiring Bitcoin as a strategic asset to preserve capital and boost shareholder value.
Under the leadership of co-founder Michael Saylor, MicroStrategy has accumulated one of the largest Bitcoin reserves among public companies. This bold approach has significantly benefited MicroStrategy; its stock price surged by 465% in 2024 alone, fueled by Bitcoin’s price growth and investor confidence in the company’s long-term strategy.
However, MicroStrategy's use of convertible debt to fund Bitcoin purchases has sparked debate among investors and financial analysts.