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Will Microsoft buy Bitcoin? 💰
As Microsoft shareholders consider a proposal to make Bitcoin a treasury reserve asset, MicroStrategy's Michael Saylor offers to help.
Andrew Hayward
October 26, 2024
📝 What you need to know
Microsoft shareholders will vote in December on whether the firm should invest into Bitcoin as a treasury reserve asset, an SEC filing showed this week. The tech giant’s board has advised shareholders to vote against the proposal, but word of the impending vote has certainly gotten people talking.
One of them is Michael Saylor, the co-founder and executive chairman of software firm MicroStrategy, which pioneered the Bitcoin treasury reserve scheme in 2020 and has since amassed more than $16 billion worth of BTC. MicroStrategy’s stock price has surged along the way, just hitting a 25-year-high this week.
Given that the proposal noted MicroStrategy’s enormous valuation spike, including larger vastly gains than Microsoft so far this year, Saylor tweeted a cheeky offer to the tech juggernaut’s CEO on Friday.
“Hey [Satya Nadella], If you want to make the next trillion dollars for $MSFT shareholders, call me,” Saylor tweeted.
Nadella has yet to respond—at least publicly.
💬 Quote of the Day
"I have taken some security measures. But it’s not a good idea to say exactly what I’ve done publicly. Best to keep the bad guys guessing.”
