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Michael Saylor, the CEO of MicroStrategy, is set to present a proposal to Microsoft’s board in December that advocates for the inclusion of Bitcoin in the company’s corporate treasury strategy.
Saylor, a staunch supporter of corporate Bitcoin reserves, previously pitched the idea to Microsoft’s CEO, Satya Nadella, in October. However, Nadella declined a meeting to discuss the proposal, and the board subsequently advised shareholders to vote against it in a U.S. SEC filing ahead of the upcoming board meeting on December 10th.
Despite this, Saylor remains determined to present a compelling case, aiming to deliver a concise three-minute pitch that highlights Bitcoin’s potential as a store of value and its ability to diversify the company’s investment portfolio.
The National Center for Public Policy Research (NCPPR) has thrown its support behind Saylor’s proposal, arguing that Microsoft has a fiduciary duty to act in the financial interest of its shareholders.
They point to MicroStrategy’s successful Bitcoin investment strategy, which has significantly outperformed Microsoft’s stock performance, as evidence of the potential benefits of incorporating Bitcoin.
If Microsoft were to adopt this strategy, it could potentially set a new precedent for how major corporations view cash reserves, ultimately reshaping corporate finance and investment practices. The ongoing debate around Bitcoin adoption underscores the growing recognition of Bitcoin as an asset class that can diversify portfolios and enhance long-term value.