Michael Saylor, CEO of MicroStrategy, wants to have a Bitcoin conversation with Microsoft CEO Satya Nadella. In a tweet shared a few hours ago, Saylor called on Nadella, saying, “Hey @SatyaNadella, if you want to make the next trillion dollars for $MSFT shareholders, call me.”
Saylor pitched Bitcoin as a trillion-dollar opportunity for Microsoft, which could be a value driver for its shareholders.
Moreover, the proposal comes ahead of an upcoming shareholder vote regarding an assessment of investing in Bitcoin, scheduled for Dec. 10 during Microsoft’s annual meeting.
However, Microsoft’s board isn’t on board with the idea. They’ve recommended that shareholders vote against the proposal, saying that evaluating Bitcoin isn’t necessary since the management already considers cryptocurrency in their financial plans.
Currently, Microsoft is focused on safer investments, mainly U.S. government securities and corporate bonds, which are viewed as reliable in today’s uncertain economic climate.
According to multiple sources, Microsoft has about $75 billion to $104 billion in cash, with a large chunk of it tied up in these low-risk assets.
The board raised concerns about Bitcoin’s volatility and suggested going for an investment that is stable enough to support its operations.
Still, Saylor the cryptocurrency could be a solid way to protect the company’s assets from inflation. Besides, Bitcoin’s price has surged over 95% since last year, reaching a market capitalization of around $1.3 trillion as of October 2024, which makes it a compelling asset for consideration.
Saylor’s interest in Bitcoin has grown over the years. According to August data, MicroStrategy has almost 214,000 Bitcoins and has invested more than $7.4 billion in the cryptocurrency.
Michael Saylor has constantly praised Bitcoin’s volatility for creating global liquidity and credit, viewing it as a strength rather than a flaw. However, we await Nadella’s response to his call.
Also Read: Pennsylvania House Passes “Bitcoin Rights” Bill for Self-Custody
