Three minutes. This is the time Michael Saylor, co-founder of MicroStrategy, had to convince the Microsoft Board of Directors to create a strategic reserve of Bitcoins (BTC) so that the company can guarantee good financial health in the long term. .
The co-founder of MicroStrategy wants to convince Microsoft to create a reserve of Bitcoins (BTC)
Michael Saylor is undoubtedly one of the personalities of the crypto community best placed to convince companies to embark on the constitution of a strategic reserve in Bitcoin.
The co-founder and director of MicroStrategy, the private entity holding the most BTC in the worldknows it and that’s why he took on a major challenge: convince Microsoft to embark on the creation of such a reserve.
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Last October, the National Center for Public Policy Research (NCPPR), a shareholder entity of Microsoft, presented a measure focused on the accumulation of Bitcoins to ensure the good economic health of the group.
Microsoft shareholders will be invited on December 10 to vote in favor or against the creation of a BTC reserve. However, the board of directors had called for a decision against this measure.
Michael Saylor, intrigued by the position of the company board, proposed to Satya Nadellathe CEO of the Redmond firm, to meet to discuss the creation of this reserve. However, the leader of the tech giant declined his offer.
Michael Saylor was then contacted by the NCPPR, inviting him to convince the Board of Directors to be in favor of this measure. during a 3 minute presentation.
Thus, Michael Saylor was able to present his arguments in favor of the creation of a strategic BTC reserve in front of the members of the Microsoft Board of Directors, which includes Satya Nadella. The maximalist recorded this presentation and shared it on X so that everyone can discover it.
My 3-minute presentation to the $MSFT Board of Directors and @SatyaNadellaarticulating why the company should do the right thing and adopt #Bitcoin. pic.twitter.com/aHp91V9Slz
— Michael Saylor⚡️ (@saylor) December 1, 2024
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What arguments were made by Michael Saylor?
During his presentation, Michael Saylor never referred to MicroStrategy. Throughout the 3 minutes, he allowed himself to explain why Microsoft “ was obliged » to build up a reserve of Bitcoinsgiven that he was “ the best asset the company can own “.
For the maximalist, Microsoft has no interest in buying back its own shares or holding bonds. To support his remarks, Michael Saylor mentioned Microsoft's financial strategy which would have caused him to lose money over time:
You gave in hundreds of billions of dollars in capital over the last 5 years and you have only amplified the risks your own shareholders face. If you want to escape this vicious cycle, you will need an asset without counterparty risk: Bitcoin.
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According to the calculations of the co-founder of MicroStrategy, Microsoft could increase the price of its shares of 584 dollarsand thus increase its capitalization of 4.9 trillion dollars in the next 10 yearsif it were to convert its cash flows, dividends, share repurchases and debt in Bitcoins.
“ Microsoft can't afford to miss the next wave of technology. Bitcoin is that wave […]representing the largest digital transformation of the 21st century, » concluded the boss of MicroStrategy, confidently.
Cryptoast translated Michael Saylor's presentation. We let you discover it below:
🇫🇷 French translation of the presentation of @saylor intended to convince the Microsoft board of directors to invest in Bitcoin. pic.twitter.com/OchpUOPgfJ
— Cryptoast (@CryptoastMedia) December 2, 2024
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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