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Saylor showed management how expensive it can be not to invest in Bitcoin.
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In a conservative scenario, Microsoft could buy 7,000 BTC.
«Microsoft cannot afford to miss the next technological wave. And Bitcoin is that wave ». This is how Michael Saylor, founder of MicroStrategy, began his presentation on the importance of adopting Bitcoin before the board of directors and CEO of Microsoft, Satya Nadella.
Saylor shared her presentation this Sunday, December 1st on social network (former Twitter), in which he established that “Bitcoin represents the greatest digital transformation of the 21st century: digital capital.”
From the perspective of the main promoter of corporate treasuries based on bitcoin, global wealth is distributed between assets that provide utility, and assets that preserve capital. However, risk, expressed in the form of taxes, price controls, accidents, regulations, climate catastrophes, expropriations, wars and so on, is destroying trillions of dollars of that capital each year. In order to protect their wealth, investors turn to Bitcoinan asset without counterparty risk, said Saylor.
The founder of MicroStrategy explained to Microsoft managers the technical and economic superiority of Bitcoin due to its qualities as programmable, scarce, neutral and digital money.
Saylor explains to Microsoft why Bitcoin is the best asset they can have. Fountain Michael Saylor.
Bitcoin is the best asset you can have. The numbers explain themselves. It makes much more sense to buy bitcoin than to buy your own stock (MSFT) back, or hold bitcoin instead of holding bonds. If you want to outperform, you’re going to need bitcoin. And those bonds are undermining your options market and your asset liquidity. Luckily, they have an alternative. Public support for Bitcoin is growing, as is political support, support for Bitcoin reserve strategies, as well as support from Wall Street. And the president of the United States says “never sell your bitcoin.”
Michael Saylor, founder of MicroStrategy.
For Saylor, Microsoft has a decision to make: Stick to the financial past, or embrace the future: an innovative financial strategy based on Bitcoin. “Divest $100 billion annually, increasing investor risk and slowing the pace of growth, or investing billions of dollars and accelerating the pace of growth,” via bitcoin.
Saylor’s presentation to Microsoft comes just days before its shareholder meeting votes on evaluating investing in Bitcoin. Precisely, in the document before the SEC that proposes the vote, the company chaired by Michael Saylor is mentioned and it stands out: “Microstrategy, which like Microsoft is a technology company, but unlike Microsoft has BTC on its balance sheet, has had a superior performance of its shares that of Microsoft this year, with 313% despite doing only a fraction of the business that Microsoft does.” Such as CriptoNoticias reportedsuch meeting will take place on December 10.
Microsoft has a fund of 75,000 million dollars that it can allocate to investments. If Microsoft invested just 1% of that money, it would acquire more than 7,700 BTC at the current price. That I would position it among the 3 publicly traded companies with the largest amount of bitcoin in their possession, according to data from BitcoinTreasuries.
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