Bitcoin maximalist and MicroStrategy CEO Michael Saylor has urged Microsoft’s leadership to adopt BTC, declaring it an inevitable component of the next tech wave or risk getting left behind.
Presenting at Microsoft’s December 2024 shareholder meeting, Saylor advised board members to seriously consider allocating significant portions of its treasury to Bitcoin.
In the 3-minute presentation, he boldly shows how BTC has outperformed Microsoft ten-folds annually. “The numbers speak for themselves,” he says, adding:
“It makes a lot more sense to buy Bitcoin than to buy your own stock back.”
Now that Bitcoin is the seventh largest asset by market cap under Google, Saylor argues that BTC is also the next economic wave.
Based on this, Saylor says it’s the highest uncorrelated asset a company or corporation can hold.
“Microsoft can’t afford to miss the next technology wave and Bitcoin is that wave,”
With a pro-Bitcoin U.S. President set to enter the White House in 2025, pro-crypto figures entering Congress, and the wild success of Bitcoin exchange-traded funds (ETFs), Saylor says the path ahead is clear. We’re entering the first year of the “crypto renaissance.”
“And you have a choice to make. Cling to the past, or embrace the future. Divest billions of dollars and slow your growth rate, invest billions of dollars and accelerate your growth rate.”
Saylor offers up the success of MicroStrategy stock, MSTR, as an example of BTC’s remarkable performance as a strategic asset.
Thanks to BTC, his company’s stock, MSTR, has experienced exceptional growth, outperforming every stock.
This includes the S&P 500 and the “Magnificent 7”, which is comprised of Nvidia, Tesla, Alphabet Inc. (Google), Apple, Microsft, and Amazon.
By pouring some $100 billion a year into BTC, he argued that Microsoft could drive its share prices above $580 and generate $4.9 trillion in shareholder value.
He added that BTC decreases enterprise value at risk and, therefore, investor risk.
In the final slide, Saylor makes an appeal:
“Do the right thing for your customers, employees, shareholders, the country, the world, and your legacy. Adopt Bitcoin.”
The presentation comes just ahead of a Dec. 10 shareholder vote on whether the company should begin adding Bitcoin to its balance sheet.
An independent think tank that filed for the proposal pitched BTC as the “best hedge against inflation.”