Michael Saylor tells Microsoft board Bitcoin could boost its market cap by $5 trillion

MicroStrategy executive chairman Michael Saylor has urged Microsoft to adopt Bitcoin as part of its strategy, according to a three-minute presentation to the company’s board that was shared on X (formerly Twitter).

In the presentation, Saylor positioned Bitcoin as a critical component of the next technological wave. He warned that failing to integrate Bitcoin into Microsoft’s operations could leave the company lagging behind competitors.

Saylor emphasized Bitcoin’s outperformance, noting it has delivered returns ten times higher than Microsoft’s stock annually. He argued that redirecting resources from stock buybacks to Bitcoin investments would generate greater value.

He stated:

“Microsoft can’t afford to miss the next technology wave and Bitcoin is that wave…It makes a lot more sense to buy Bitcoin than to buy your own stock back.”

According to him, Microsoft’s current treasury strategy is weakening its equity and options markets and eroding its position as a store of value.

Saylor also outlined a transformative roadmap for the Bitcoin ecosystem in 2025. This includes widespread Wall Street adoption of Bitcoin ETFs, favorable fair-value accounting rules, pro-crypto leadership in Congress, and a shift in regulatory attitudes. He believes this evolving landscape makes Bitcoin adoption not just advantageous but essential.

He said:

“You have a choice to make: cling to the past, or embrace the future. Divest billions of dollars and slow your growth rate, invest billions of dollars and accelerate your growth rate.”

$5 trillion addition to Microsoft’s market cap

As part of his pitch, Saylor projected that an aggressive Bitcoin strategy could add around $5 trillion to Microsoft’s market cap over the next decade.

He proposed converting Microsoft’s cash flows, dividend payouts, and stock buybacks into Bitcoin. He argued that this would add hundreds of dollars to the company’s stock price while minimizing shareholder risk.

Based on his projections, if Bitcoin reaches $1.7 million per coin by 2034, Microsoft could gain $4.9 trillion in enterprise value.

Saylor also suggested investing $100 billion annually in Bitcoin instead of stock repurchases or bonds. He described Bitcoin as an asset free from counterparty risk, offering unmatched security and growth potential.

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