Negosyante News

November 1, 2024 1:38 pm

Michael Saylor Urges Microsoft CEO to Invest in Bitcoin, Promises Trillion-Dollar Potential

MicroStrategy CEO Michael Saylor has publicly encouraged Microsoft CEO Satya Nadella to invest in Bitcoin, claiming it could lead to trillion-dollar growth for Microsoft’s shareholders. In a message on social media, Saylor referenced MicroStrategy’s own success with Bitcoin, noting that his company’s stock has surged 313% this year, outperforming Microsoft’s despite operating at a smaller scale.

A proposal for Microsoft to invest in Bitcoin is set to be reviewed in a December 10 vote, though Microsoft’s board is reportedly against it. Advocates argue that, in an inflationary environment, companies have a responsibility to diversify assets and consider high-appreciation options like Bitcoin. BlackRock, Microsoft’s second-largest shareholder, also supports Bitcoin adoption with a Bitcoin ETF for its clients.

Saylor, a long-time Bitcoin enthusiast, recently announced plans to donate his Bitcoin holdings to “civilization” and has made headlines with statements about Bitcoin custody. While he initially criticized self-custody wallets, he later clarified that he supports all forms of Bitcoin investment, emphasizing that Bitcoin benefits from diverse types of custody and investment.

Amid ongoing advocacy, MicroStrategy’s stock has continued to soar, reinforcing Saylor’s vision for the company as a major player in Bitcoin investment.

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