Author: Jesse Coghlan, CoinTelegraph; Translated by: Tao Zhu, Golden Finance
MicroStrategy Chairman and Bitcoin bullish Saylor told Microsoft's board of directors that if Microsoft went all-in on Bitcoin, the company's market value could increase by nearly $5 trillion.
Saylor made the argument in 44 slides in just over three minutes as he presented to Microsoft’s board of directors why the tech giant should buy Bitcoin.
“Microsoft cannot afford to miss out on the next wave of technology, and Bitcoin is that wave,” Saylor said in a video shared on Dec. 1. He urged Microsoft to convert cash flow, dividends, stock buybacks, and debt into cryptocurrency, adding:
"If you do that, you can add hundreds of dollars to your stock price. You can create trillions of dollars of enterprise value. You can eliminate risk for shareholders."
Saylor claimed in his draft that if Microsoft used all of its finances and debt, as well as all of its cash flow, dividend payments, and stock buybacks, to buy Bitcoin, then Bitcoin could increase Microsoft's stock price by $584 over the next 10 years - assuming that by the end of 2034, 1 BTC would be worth $1.7 million.
Saylor’s slides claim that if Microsoft went all-in on Bitcoin, the strategy could add $4.9 trillion to the value of Microsoft, which currently ranks third in the world with a market cap of $3.18 trillion, behind leaders Apple and Nvidia.
BTC has surged 120% so far this year (up about 40% in the past month alone) to nearly $100,000. Since 2020, Saylor’s MicroStrategy has purchased 386,700 BTC for a total of $21.9 billion, worth nearly $37.6 billion, with the Bitcoin price at $97,200.
MicroStrategy (MSTR) shares have surged 465.5% so far in 2024, along with the value of its Bitcoin holdings. Its share price peaked at $421.88 in November. According to Google Finance, the index broke through the long-held all-time high in early 2000 before the bursting of the Internet bubble on the 22nd.
Saylor claimed that public and political support for Bitcoin “is surging” and that there is a “crypto renaissance,” pointing to pro-crypto statements from incoming President Donald Trump and the launch of Bitcoin investment products by prominent Wall Street firms.
Saylor believes Microsoft should invest $100 billion per year into Bitcoin , claiming that “buying Bitcoin makes more sense than buying back its own stock or holding Bitcoin instead of holding bonds.”
“What if you could buy a $100 billion company that was growing faster than Microsoft for 1x revenue? What if you could do that every year?”
“It’s time for Microsoft to evaluate its options for its Bitcoin strategy,” Saylor said. “So, do the right thing for the world and adopt Bitcoin.”
