Bitcoin advocate and MicroStrategy Chairman Michael Saylor has revealed that he has agreed to deliver a three-minute presentation to Microsoft’s board of directors about the potential for investing in Bitcoin.
Saylor shared the news in a Nov. 19 X Spaces event hosted by VanEck, explaining that the activist who proposed the idea had approached him, and he agreed to make the brief presentation. “The activist contacted me to present to the board, and I agreed to do a three-minute presentation — that’s all you’re allowed,” Saylor stated.
He mentioned that he had previously offered to meet with Microsoft CEO Satya Nadella privately to discuss the matter, but the meeting was not arranged. “So, I will be putting together a proposal to present to the board,” Saylor continued, referring to his upcoming three-minute pitch.
In October, Microsoft disclosed that a vote would take place in December regarding the possibility of conducting a review on investing in Bitcoin. The proposal, brought forth by the National Center for Public Policy Research (NCPPR), cited MicroStrategy’s Bitcoin strategy, noting the company’s significant share price gains, which had outpaced Microsoft by over 300% this year, despite MicroStrategy’s smaller scale.
Saylor supported the idea, suggesting that companies like Microsoft, as well as Berkshire Hathaway, Apple, Google, and Meta, should consider Bitcoin investments due to their large cash reserves. “It’s not a bad idea for every company to have this discussion,” he said, emphasizing that many companies are burning shareholder value by holding large amounts of cash.
He further explained that 98.5% of Microsoft’s value is tied to its quarterly earnings, while just 1.5% is derived from tangible assets. According to Saylor, if Microsoft’s enterprise value were more heavily supported by assets like Bitcoin, the company’s stock would be less volatile and more secure. “It would be much less risky if half of the value came from tangible assets like Bitcoin,” he argued, suggesting that shareholders should push for such a strategy.
The shareholder proposal will be up for a vote on Dec. 10, though Microsoft’s board has recommended voting against it. The company has stated that it already evaluates a broad range of investment options, including Bitcoin.
The proposal’s outcome could place Microsoft in a difficult position if it decides to evaluate Bitcoin and ultimately chooses not to pursue an investment. Currently, Microsoft’s board consists of 12 members, including CEO Satya Nadella, who also serves as chairman, alongside senior executives from companies like Citigroup, Wells Fargo, The Walt Disney Company, and GSK.
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