MicroStrategy CEO Michael Saylor is urging Microsoft CEO Satya Nadella to invest in Bitcoin following news that the company is considering doing so.
MicroStrategy CEO Urges Microsoft CEO TO Invest In BTC
“Hey @SatyaNadella, if you want to make the next trillion dollars for $MSFT shareholders, call me,” Saylor wrote with an alleged proposal listing his company’s success investing in Bitcoin.
“Microstrategy – which, like Microsoft, is a technology company, but unlike Microsoft holds Bitcoin on its balance sheet – has had its stock outperform Microsoft stock this year by 313% despite doing only a fraction of the business that Microsoft has,” the attached document by the National Center For Public Policy reads. “And they’re not alone. The institutional and corporate adoption of Bitcoin is becoming more commonplace. Microsoft’s second largest shareholder, BlackRock, offers its clients a Bitcoin ETF.”
According to Microsoft, a number of the tech company’s shareholders will vote on an upcoming Bitcoin investment proposal on December 10, though the company’s board recommends voting against it.
“In inflationary times like these, corporations should – and perhaps have a fiduciary duty to – consider diversifying their balance sheets with assets that appreciate more than bonds, even if those assets are more volatile,” the proposal continues.
Michael Saylor In Hot Water Over Controversial Comments
News of Saylor’s encouragement of Microsoft’s Bitcoin investment comes just days after the long-time Bitcoin investor vowed to donate his stockpile of the cryptocurrency to humanity at large.
“I’m a single guy with no children— when I’m gone, I’m gone,” Saylor told The New Zealand Herald. “Just like Satoshi left a million Bitcoin to the universal, I’m leaving whatever I’ve got to the civilization.”
Saylor further stirred controversy earlier this week when he criticized self-custody wallets. He eventually had to backtrack on his remarks after referring to some members of the crypto community as “paranoid crypto-anarchists.”
“I support self-custody for those willing & able, the right to self-custody for all, and freedom to choose the form of custody & custodian for individuals & institutions globally,” he said in a recent X post. “#Bitcoin benefits from all forms of investment by all types of entities, and should welcome everyone.”
Meanwhile, MicroStrategy’s success continues to skyrocket in its quest to become a “Bitcoin bank,” with shares of the currency surpassing those of Microsoft as of Friday morning.
The post Billionaire Michael Saylor Urges Microsoft CEO: Bitcoin Could Drive Trillion-Dollar Growth appeared first on Cryptonews.
