TC supporter and CEO of MicroStrategy Michael Saylor has been invited to make a pitch to Microsoft’s board of directors next month where he’ll have three minutes of attention. As his formal meeting request to Microsoft CEO Satya Nadella is still under process, it could be this brief time where the corporate investment landscape changes.
Current Situation
Microsoft has $78 billion in cash hoard, which fund acquisitions of companies such as Skype and OpenAI. The board recently recommended against this but soon shareholders will vote to launch a Bitcoin reserve asset. Some of the major shareholders such as Vanguard and BlackRock will have a huge input into this decision.
Saylor's Vision
Currently, MicroStrategy’s leader Saylor conveys the concept of using Bitcoin as a better reserve instead of cash as MicroStrategy owns more than 330K BTC worth around $30 billion. He presented an exponential rise forecasting of a $100 billion bitcoin investment to $500 billion leveraging upon the annual growth of 20% and used it for other tech market giants.
Corporate Treasury Crypto Shift
This may turn out to be the conception of the new phase of the management of corporate treasury. Depending on the decision, it can define how some of the world’s largest corporations might engage with crypto assets in the not-too-distant future, given the company’s headquartered in Redmond, Washington.
