Michael Taylorthe CEO of MicroStrategy, has called on microsoftthe board of directors, claiming that the company Could add $5 trillion to its market value if it fully embraces Bitcoin
btc
$97,745.16
as part of your financial strategy.
On December 1, Saylor guided the board of directors 44 slides in just over three minutes. His main message: Microsoft should redirect your cash flows, dividends, share buybacks and debt towards Bitcoin.
Bitcoin’s recent performance added weight to Saylor’s argument. The cryptocurrency is up 120% in 2024 alonerising almost 40% over the last month to approach $100,000.
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“Microsoft can’t afford to miss the next technology wave, and Bitcoin is that wave,” Saylor sayingopening his speech. He argued that this decision could add hundreds of dollars to Microsoft’s stock price, increase the company’s value and protect shareholders from potential financial risks.
Saylor’s proposal suggested that The company’s stock could rise as high as $584 per share over the next ten years.. His prediction assumes that Bitcoin could reach $1.7 million in 2034, a figure he considers achievable given Bitcoin’s growth.
Furthermore, he estimated that it could increase the company’s market capitalization from $3.18 trillion to $8.1 trillion.
As part of his proposal, Saylor suggested Microsoft invest 100 billion dollars in bitcoin annuallycalling it a smarter use of funds than buying back shares or holding bonds. He said:
What if you could buy a $100 billion company growing faster than Microsoft with 1x revenue? What if you could keep doing it every year?
Saylor’s confidence in Bitcoin is undeniable, but bold strategies come with risks. MicroStrategy itself recently faced a shocking financial hit, losing $30 billion in just four days. What went wrong? Read the full story.
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
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