Bitcoin bull Michael Saylor is using his company’s treasury investment strategy to increase the likelihood that Microsoft will become a Offered to help make trillions of dollars.
The billionaire founder of software company MicroStrategy made the proposal in a letter to Microsoft CEO Satya Nadella (also known as X) on Twitter on Friday.
The tweet came after news broke on Thursday that Microsoft shareholders were scheduled to vote on a proposal to have the tech giant invest in Bitcoin as a financial reserve asset. Microsoft’s board called on shareholders to vote against the idea.
Thaler’s company, MicroStrategy, began investing in Bitcoin in 2020 and has seen its valuation rise dramatically after accumulating billions worth of BTC.
“If you want to make the next trillion dollars for MSFT shareholders, give me a call,” Saylor wrote, noting that MicroStrategy and the company’s stock price has outperformed the tech giant’s stock price. A screenshot of the letter to Microsoft shareholders is also attached.
On Thursday, a filing with the Securities and Exchange Commission revealed that Microsoft shareholders plan to vote in December on whether the company should invest in Bitcoin.
Saylor brought Bitcoin onto MicroStrategy’s balance sheet in 2020 to provide the best value for money for shareholders. The software company is currently the largest corporate holder of this asset, having amassed 252,220 Bitcoins, worth $16.8 billion today.
His bet has paid off so far, with MicroStrategy’s stock soaring and buyers of the Nasdaq-listed stock reaping huge profits.
Since then, Saylor has become one of Bitcoin’s most vocal exponents, calling it “digital gold” and the best long-term store of value investment. He recently said in an interview that he expects MicroStrategy to evolve into a “Bitcoin bank” and one day reach a valuation in the trillions of dollars, up from the current roughly $47 billion.
Edited by Andrew Hayward
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