30s Summary
MicroStrategy’s Michael Saylor has been permitted to pitch Bitcoin investment to Microsoft’s top brass, with a company vote on potential investment scheduled for December. The presentation was facilitated by an enthusiast and announced on a show hosted by VanEck. Microsoft’s board, including executives from Disney, Citigroup, Wells Fargo, and GSK, were previously unmoved by the Bitcoin proposal despite the National Center for Public Policy Research highlighting MicroStrategy’s successful Bitcoin investment.
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Michael Saylor, known for being a huge supporter of Bitcoin and the leader of MicroStrategy, has been given the green light to chat for three minutes with the big wigs at Microsoft about investing in Bitcoin.
Someone keen on the idea got Saylor on board to create and deliver a short and sweet presentation to Microsoft’s decision-makers. The meeting was announced on a November 19th X Spaces show hosted by VanEck.
Saylor also believes that other big companies like Apple, Google, and even Meta should consider putting Bitcoin on their discussion tables. According to him, these companies have loads of spare cash and investing it in Bitcoin might prove better than just having it sit around.
Microsoft’s board includes some top dogs, like their own leader, Satya Nadella, and execs from Disney, Citigroup, Wells Fargo, and GSK.
A couple of months ago, Microsoft made an announcement saying they would consider the possibility of investing in Bitcoin, and a vote on the matter will be coming up in December.
The National Center for Public Policy Research (NCPPR) is pushing the proposal. They’re pointing out how successful MicroStrategy’s Bitcoin investment has been, with their share price doing way better than Microsoft’s this year, despite their much smaller size.
However, Microsoft’s board wasn’t initially won over, saying they already look at plenty of different investment options, Bitcoin included.
But Ethan Peck from NCPPR’s Free Enterprise Project thinks putting Microsoft in a tricky spot might be a good thing. If they were to look into investing in Bitcoin and then decided against it, it would sure make things interesting.
Stay tuned for more info on this as it unfolds!