November 20, 2024

Will Microsoft Buy Bitcoin Amid Trump’s Crypto Narrative and Michael Saylor’s Pitch?

Will Microsoft Buy Bitcoin? Saylor to Pitch Bitcoin Adoption to Board

MicroStrategy’s executive chairman Michael Saylor plans to convince the Microsoft board about investing in Bitcoin. The board has agreed to allot three minutes to Saylor to pitch Bitcoin investment strategy. This comes amid BTC price continues to hit new all-time highs after Donald Trump’s win. Crypto enthusiasts and investors eagerly await potential changes in Microsoft’s financial strategy.

Michael Saylor to Pitch Microsoft Board on Adopting Bitcoin

MicroStrategy Chairman Michael Saylor will deliver a three-minute presentation to Microsoft’s board of directors next month. He announced this during a VanEck-hosted X Space session on Tuesday, emphasizing Bitcoin’s growing importance for companies with large cash reserves.

Microsoft holds $78 billion in cash reserves and could greatly impact the crypto market if it invests in Bitcoin. The National Center for Public Policy Research (NCPPR) backs the proposal, citing MicroStrategy’s stock outperforming Microsoft by 300% this year despite a smaller business scale.

In October, Microsoft revealed that it would assess Bitcoin investments as part of its December voting items. Although Microsoft initially recommended voting against the proposal, growing investor interest and Saylor’s involvement could shift its stance.

The board, led by Satya Nadella, will review the proposal as global Bitcoin adoption rises. Additionally, Donald Trump’s victory and his pro-crypto stance have likely heightened interest in the crypto. Saylor’s pitch has reignited speculation about Microsoft buying Bitcoin, which can trigger another Bitcoin price rally.

MicroStrategy Stock Performance and Institutional Investor Interest

MicroStrategy’s MSTR stock price has surged more than 500% YTD, hitting a 52-week high of $449. This growth highlights investor confidence driven by its Bitcoin investment strategy. The company’s performance has become a prime example of how Bitcoin-backed treasury strategies can outperform traditional models in the market. It now holds 51,780 BTC.

As per Yahoo Finance, over 51% of MicroStrategy’s shares are held by institutional investors, reflecting growing support from major financial players. These investors are confident in the long-term value of the company’s Bitcoin holdings. MicroStrategy’s strategy has proven successful, with its stock beating major tech firms like Microsoft in recent months.

Top banks and hedge funds have invested in MicroStrategy to indirectly invest in BTC. These include Capital International, Vanguard Group, Morgan Stanley, JPMorgan, and BlackRock. Capital International holds the largest stake, at 9.58%, followed closely by Vanguard at 9.54%. BlackRock and State Street also hold substantial shares, further demonstrating the growing interest in Bitcoin as a treasury asset. This trend reflects a wider shift in institutional portfolios towards mainstream adoption of crypto.

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