Saylor Urges Microsoft’s $75B Bitcoin Gamble
Michael Saylor, MicroStrategy's executive chairman, directly challenged Microsoft at Bitcoin for Corporations 2025 to invest tens of billions of dollars in Bitcoin. He argued that Bitcoin, a “universal, perpetual, profitable merger partner,” significantly outperforms other treasury assets, particularly in the AI age. Saylor highlighted Bitcoin's superior growth rate (62% vs. Microsoft's 18% and S&P 500's 14% over five years), contrasting it with the losses incurred from bond holdings and stock buybacks. He emphasized Bitcoin's position as “twenty-first-century money,” a liquid, fungible asset with no counterparty, and proposed four scenarios using a Bitcoin treasury-modeling tool, suggesting a potential increase in Microsoft's enterprise value by $1 to $5 trillion. Saylor warned that Microsoft's current treasury policies amplify risks, impacting employees, customers, and competitors. He presented a compelling thought experiment: would Microsoft buy a company growing at 60% annually? Bitcoin, he argued, represents that opportunity, repeatedly. Saylor's call to action centers on shifting from traditional assets like treasury bills and buybacks to Bitcoin, fostering growth for all stakeholders. The proposed $75 billion Bitcoin investment for Microsoft encompasses its authorized buyback and two years of forward dividends, despite a previous shareholder vote against adding Bitcoin to the balance sheet. The current Bitcoin price is $96,521.
(Source: https://bitcoinist.com/saylor-microsoft-bitcoin-75-billion-bet/)
