Michael Saylor to pitch Microsoft board on Bitcoin buying strategy
Summary
Michael Saylor, MicroStrategy Chairman, is set to present a three-minute proposal to Microsoft's board about investing in Bitcoin. The proposal, initiated by an activist, suggests companies like Microsoft, Berkshire Hathaway, Apple, Google, and Meta should consider Bitcoin investments due to their large cash reserves and potential shareholder value loss. Microsoft's board, which includes CEO Satya Nadella and executives from major companies, will discuss this in December. The National Center for Public Policy Research supports the proposal, noting MicroStrategy's Bitcoin strategy has significantly outperformed Microsoft's stock. Microsoft's board previously advised against the proposal, citing existing evaluations of investable assets.
