Bitcoin Bullish Michael Saylor plans to leverage his company's treasury investment strategy to help Microsoft raise $1 trillion, following information that Microsoft shareholders plan to consider proposals related to top cryptocurrencies. Offered to help earn money.
The billionaire founder of software company MicroStrategy made the proposal in a letter to Microsoft CEO Satya Nadella (also known as X) on Twitter on Friday.
This tweet came after the news fell On Thursday, Microsoft shareholders are scheduled to vote on a proposal that would allow the tech giant to invest in Bitcoin as a financial reserve asset. Microsoft's board called on shareholders to vote against the idea.
Thaler's company, MicroStrategy, began investing in Bitcoin in 2020 and has seen its valuation rise dramatically after accumulating billions worth of BTC.
“If you want to make the next trillion dollars for MSFT shareholders, give me a call,” Saylor wrote, noting that MicroStrategy and the company’s stock price has outperformed the tech giant’s stock price. A screenshot of the letter to Microsoft shareholders is also attached.
On Thursday, a filing with the Securities and Exchange Commission revealed that Microsoft shareholders plan to vote in December on whether the company should invest in Bitcoin.
sailor put in bitcoin on MicroStrategy's balance sheet in 2020 to provide the best value for money for shareholders. The software company is currently the largest corporate holder of this asset, having amassed 252,220 Bitcoins, worth $16.8 billion today.
His bet has so far paid off as MicroStrategy. Inventory soared—Buyers of Nasdaq-listed stocks earn huge profits in the process.
Since then, Saylor has become one of Bitcoin's most vocal exponents, calling it “digital gold” and the best long-term store of value investment. He recently said in an interview that he was looking at MicroStrategy. Evolution to “Bitcoin Bank” And someday, the valuation will reach $1 trillion, up from about $47 billion today.
editor andrew hayward
daily report meeting Newsletter
Start each day with the current top news stories, plus original features, podcasts, videos, and more.
