Bitcoin bull Michael Saylor has offered to help Microsoft make a trillion dollars by using his treasury reserve investment strategy, following word that shareholders in the tech giant are set to consider a proposal related to the top cryptocurrency.
The billionaire founder and chairman of software company MicroStrategy on Friday wrote to Microsoft CEO Satya Nadella on Twitter (aka X), making the proposal.
The tweet came after news dropped Thursday that Microsoft shareholders will vote on a proposal to have the juggernaut tech company invest into Bitcoin as a treasury reserve asset. Microsoft’s board has urged shareholders to vote against the idea.
Saylor’s company MicroStrategy started investing in Bitcoin back in 2020, and has seen a dramatic rise in valuation as the company has amassed billions worth of BTC.
“If you want to make the next trillion dollars for $MSFT shareholders, call me,” wrote Saylor, who included a screenshot from the Microsoft shareholders letter that mentions MicroStrategy and its stock outperforming the tech giant’s own.
On Thursday, a Securities and Exchange Commission filing showed that Microsoft shareholders will vote in December on whether the company should invest in Bitcoin.
Saylor put Bitcoin on MicroStrategy’s balance sheet back in 2020 in a bid to get shareholders the best value for money. The software firm is now the largest corporate holder of the asset, amassing 252,220 Bitcoin—today valued at $16.8 billion.
His bet has so far paid off as MicroStrategy stock has surged—making buyers of the Nasdaq-listed equity huge returns in the process.
Saylor has since become one of Bitcoin’s loudest preachers, arguing that it is “digital gold” and the best long-term store of value investment. He recently said in an interview that he sees MicroStrategy evolving into a “Bitcoin bank” and someday reaching a trillion-dollar valuation—up from about $47 billion at present.
Edited by Andrew Hayward
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In conclusion, it’s fascinating to see the intersection of traditional tech giants like Microsoft and innovative cryptocurrency strategies like Bitcoin investments by companies such as MicroStrategy. The potential for Microsoft to venture into the world of Bitcoin as a treasury reserve asset opens up a whole new realm of possibilities for the tech industry. With Michael Saylor’s bold proposal and track record of success in the crypto space, it will be interesting to see how this story unfolds. Stay tuned to DeFi Daily News for more trending articles on the latest developments in cryptocurrency and decentralized finance.
