Hey @SatyaNadella, if you want to make the next trillion dollars for $MSFT shareholders, call me. pic.twitter.com/NPnVvL7Wmj
— Michael Saylor⚡️ (@saylor) October 25, 2024
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31.08%$15.84
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-0.81%Reading
Bitcoin bull Michael Saylor has offered to help Microsoft make a trillion dollars by using his treasury reserve investment strategy, following word that shareholders in the tech giant are set to consider a proposal related to the top cryptocurrency.
The billionaire founder and chairman of software company MicroStrategy on Friday wrote to Microsoft CEO Satya Nadella on Twitter (aka X), making the proposal.
The tweet came after news dropped Thursday that Microsoft shareholders will vote on a proposal to have the juggernaut tech company invest into Bitcoin as a treasury reserve asset. Microsoft’s board has urged shareholders to vote against the idea.
Hey @SatyaNadella, if you want to make the next trillion dollars for $MSFT shareholders, call me. pic.twitter.com/NPnVvL7Wmj
— Michael Saylor⚡️ (@saylor) October 25, 2024
Saylor’s company MicroStrategy started investing in Bitcoin back in 2020, and has seen a dramatic rise in valuation as the company has amassed billions worth of BTC.
“If you want to make the next trillion dollars for $MSFT shareholders, call me,” wrote Saylor, who included a screenshot from the Microsoft shareholders letter that mentions MicroStrategy and its stock outperforming the tech giant’s own.
Software giant Microsoft will hold a shareholders meeting next month—and Bitcoin is on the agenda. Microsoft (NASDAQ: MSFT) will have its annual shareholders meeting on December 9 and those who are invested in the company will vote on a number of items, according to a Thursday filing by the Securities and Exchange Commission. One of the proposals up for a vote is the "Assessment of investing in Bitcoin," with the board recommending shareholders vote against it. Microsoft builds identity system t...
On Thursday, a Securities and Exchange Commission filing showed that Microsoft shareholders will vote in December on whether the company should invest in Bitcoin.
Saylor put Bitcoin on MicroStrategy’s balance sheet back in 2020 in a bid to get shareholders the best value for money. The software firm is now the largest corporate holder of the asset, amassing 252,220 Bitcoin—today valued at $16.8 billion.
His bet has so far paid off as MicroStrategy stock has surged—making buyers of the Nasdaq-listed equity huge returns in the process.
Saylor has since become one of Bitcoin’s loudest preachers, arguing that it is “digital gold” and the best long-term store of value investment. He recently said in an interview that he sees MicroStrategy evolving into a “Bitcoin bank” and someday reaching a trillion-dollar valuation—up from about $47 billion at present.
Edited by Andrew Hayward
Crypto asset manager Canary Capital has applied for an exchange-traded fund tracking Cronos (CRO), the token affiliated with the Crypto.com exchange, according to a filing with the U.S. Securities and Exchange Commission on Friday. The S-1 registration form marks Canary Capital’s latest step toward potentially debuting its Canary Stake CRO ETF in the U.S. and adds to the growing list of altcoin-based funds before the regulator. The issuer registered a Delaware Trust entity earlier this month, l...
Just three days after debuting a multi-billion dollar fundraising plan to purchase Bitcoin, President Donald Trump’s Trump Media & Technology Group announced Friday that it has successfully raised $2.4 billion for its crypto treasury. The funds were raised via an offering of common stock and convertible senior secure notes, the company said. Roughly 50 institutional investors participated in the sale, which produced $2.32 billion in net proceeds. Those funds will now be used to create a Bitcoi...
How do you save an ailing publicly traded company in 2025? One answer, and an increasingly popular one at that, is: pivot to crypto—or more specifically, become a crypto treasury company. The previously unknown online gambling marketer SharpLink Gaming did just that earlier this week, when it announced it had raised $425 million in investment to establish an Ethereum treasury. It was a notable departure from the more common route of building a Bitcoin treasury, with Ethereum being the second lar...