Bitcoin in Spotlight as MicroStrategy’s Saylor Offers Microsoft CEO Trillion-Dollar Deal
The post Bitcoin in Spotlight as MicroStrategy’s Saylor Offers Microsoft CEO Trillion-Dollar Deal appeared on BitcoinEthereumNews.com.
MicroStrategy’s Executive Chairman Michael Saylor has drawn attention to Bitcoin’s potential for corporate balance sheets. He also suggested a trillion-dollar deal to Microsoft, a leading tech company. Moreover, this could mark the beginning of a new era of corporate adoption of Bitcoin. MicroStrategy’s Saylor Proposes Major Deal to Microsoft CEO Saylor believes Microsoft could unlock substantial shareholder value by diversifying into BTC. As Microsoft faced a proposal for a Bitcoin diversification assessment at its recent annual meeting, Saylor directed a public message to Microsoft CEO Satya Nadella: “Hey Satya Nadella, if you want to make the next trillion dollars for $MSFT shareholders, call me.” The proposal for Microsoft to consider adding Bitcoin to its treasury assets, submitted by the National Center for Public Policy Research, emphasized the value of assets that appreciate amid inflationary pressures. The statement argued, “Corporations have a fiduciary duty to maximize shareholder value not only by working to increase profits but also by working to protect those profits from debasement.” Hey @SatyaNadella, if you want to make the next trillion dollars for $MSFT shareholders, call me. pic.twitter.com/NPnVvL7Wmj — Michael Saylor⚡️ (@saylor) October 25, 2024 The shareholder group underscored that Bitcoin outperformed traditional corporate bonds significantly over recent years, delivering 414% growth over the past five years. The proposal also highlighted that MicroStrategy saw its stock outperform Microsoft’s by a striking 313% this year, despite being a much smaller entity. In addition, Matthew Sigel, VanEck’s Head of Digital Assets Research, also highlighted Microsoft’s evaluation of Bitcoin and other cryptocurrencies for their treasury potential. In a recent post on X (formerly Twitter), he explained, “MSFT has & ‘will continue to monitor trends & developments related to cryptocurrencies to inform future decision-making.’” MSFT Says Company Already Considers #Bitcoin as Possible Treasury Asset, Making the Shareholder Proposal Redundant. MSFT Has…
Filed under: News - @ October 25, 2024 6:25 pm