Michael Saylor, the president of MicroStrategy, causes a sensation by addressing the Microsoft board of directors. His vision? Investing heavily in Bitcoin to propel the value of the multi-trillion dollar technology company. Deciphering a proposal as ambitious as it is controversial.
Written by Ariela
Updated on 02/12/2024 at 10:55 by Grings
Bitcoin: an essential technological wave for Microsoft
During a 44 slide presentation In just 3 minutes and 44 seconds, Michael Saylor passionately pleaded the cause of Bitcoin to the giant Microsoft.
The president of MicroStrategy opened his speech by calling Bitcoin the next technological wave. According to him, Microsoft cannot afford to miss this historic opportunity.
It thus encourages the company to convert its cash flows, dividends and share buybacks into BTC. A decision which, according to his estimates, could add up to $584 per share to Microsoft's price by 2034.
To support his argument, Saylor presented some bold projections:
“If Microsoft adopted Bitcoin at a rate of 100 billion euros per year, and if the price of a Bitcoin reached 1.7 million euros, the company's capitalization could increase by 4.9 trillion euros in over the next decade.”
BTC as a growth lever for Microsoft
Currently, Microsoft is valued at $3.18 trillion. Making it the third most valuable company in the world behind Apple and Nvidia. However, Saylor believes that the Bitcoin could propel Microsoft to the top.
Since 2020, MicroStrategy has acquired 386,700 BTC for a total of $21.9 billion. With the price of Bitcoin at almost $95,000, these holdings are now worth €37.6 billion. This strategy also boosted MicroStrategy shareswhich have climbed 465.5% since the start of 2024.
According to Saylor, it would make much more sense to buy BTC than to buy back your own stocks or hold bonds. Microsoft could use this opportunity to surpass its technological rivals and establish itself as a leader in the crypto economy.
Ideal conditions for betting on Bitcoin
The rise of Bitcoin in 2024 is supported by several favorable factors. In one year, the value of the flagship cryptocurrency has increased by 120%, with a surge of 40% in just one month. He has reached almost $100,000.
At the same time, political and public support for Bitcoin is growing strongly. We refer in particular to:
- President Donald Trump's pro-Bitcoin statements,
- the entry of major Wall Street players into the digital assets sector.
Saylor also pointed out that companies that adopt Bitcoin now will benefit from a significant competitive advantage in the long term. He concluded by urging Microsoft to do the right thing for the world and adopt BTC. Enough to transform an economic opportunity into a strategic gesture with global impact.
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