Michael Saylor, co-founder of MicroStrategy, has recently made efforts to convince Microsoft to embrace Bitcoin. In a presentation to the tech giant’s board, he outlined how companies could leverage Bitcoin as a stable and strategic asset.

MicroStrategy’s Stock Boosted by Bitcoin Rally

MicroStrategy’s stock has seen significant gains in recent days, closely tracking Bitcoin’s performance. This correlation stems from the company’s aggressive Bitcoin purchasing strategy, which consistently increases its holdings. As of November 17, MicroStrategy held 331,200 Bitcoin, acquired at an average price of $49,874 per coin, according to Saylor’s post on the platform X.

Bitcoin’s value has recently approached the $100,000 mark, setting a new record at approximately $99,300. To fund its Bitcoin acquisitions, MicroStrategy often raises new capital. Despite some critics labeling this strategy as high-risk, the market’s response has been largely favorable. Analyst Mark Palmer of Benchmark highlighted that MicroStrategy’s stock has outperformed most major U.S. companies over the past four years, prompting him to revise his price target upward.

Saylor’s Push to Bring Microsoft on Board

Saylor’s latest initiative involved a concise three-minute presentation to Microsoft’s board, aimed at persuading the company to consider Bitcoin as a stable and strategic asset for its balance sheet. While a direct meeting with Microsoft CEO Satya Nadella was declined, Saylor’s efforts have drawn attention. Notably, Microsoft is set to vote on December 10 regarding a potential review of Bitcoin investments.

Saylor argues that companies like Microsoft, Apple, and Meta could use Bitcoin to stabilize their significant cash reserves and hedge against inflation. He believes Bitcoin offers a compelling solution for corporations to optimize liquidity management. Interestingly, MicroStrategy’s stock has outperformed Microsoft’s this year.

“Microsoft’s corporate value relies 98.5% on quarterly earnings. A Bitcoin reserve could stabilize this value and reduce risks,” Saylor stated, as reported by BeInCrypto.

Despite the board advising shareholders to vote against the review, the upcoming decision forces Microsoft to publicly address the matter, potentially generating global interest.

MicroStrategy as a Role Model

MicroStrategy has emerged as a model for Bitcoin adoption, showcasing the potential benefits of integrating cryptocurrency into corporate strategies. Since embarking on its Bitcoin initiative, the company’s stock has soared over 2,500%, inspiring corporations worldwide, including early adopters in Japan.

Saylor remains optimistic that major corporations like Microsoft and Apple could eventually adopt Bitcoin. Should this trend gain traction, it could have a lasting positive impact on Bitcoin’s value.

As the December vote at Microsoft approaches, the outcome could set the tone for whether other corporations follow MicroStrategy’s lead in adopting Bitcoin as a strategic asset.

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