Key dishes to remember
- Michael Saylor advises Microsoft to buy Bitcoin instead of bonds to increase the value of shareholders.
- Saylor claims that Bitcoin has surpassed Microsoft’s actions and suggests it as money from the 21st century.
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The executive president of the Michael Saylor strategy urged Microsoft to abandon the obligations and acquisitions of action in favor of the adoption of Bitcoin, arguing that this would create more value of shareholders while reducing business risks.
“Microsoft is expected to be fueled by digital capital,” said Saylor with Strategy World 2025, the company’s annual flagship conference. “Bitcoin is the most efficient unrealed asset.”
Bitcoin has considerably surpassed Microsoft (MSFT) actions in the past five years. According to TradingView Data, Bitcoin provided an average annual yield of 53%, against around 6% for Microsoft.
During the five -year period, Bitcoin increased by more than 950%, while Microsoft earned around 148%.
He criticized Microsoft’s current financial strategy, arguing that instead of reinvesting in very efficient assets such as Bitcoin, the company uses its massive cash flows for share buybacks, dividends and low -yield obligations.
Consequently, Microsoft’s equity becomes lower guarantees, less attractive for investors and less useful, according to Saylor.
He said that company was more vulnerable to market volatility and competitive pressure. The shareholders, he warned, are exposed to an increase in long-term risks while the company loses flexibility to adapt.
“The purchase of Bitcoin would be 10 times better than buying your own stock,” said Saylor. He said that “the obligations are toxic” and that stock repurchase “destroys 97% of your capital over 10 years”.
Saylor has reiterated that Microsoft, having made more than $ 200 billion to shareholders in the past five years, effectively puts back the capital that could increase its business value up to 5 dollars of dollars if they were redirected in Bitcoin.
“Bitcoin … became the alternative to obligations in 2024. It was the moment when the Bitcoin ETF approved the dry,” he added. “It was sort of zero a year. We are now in the first year. ”
Saylor said gold was the best idea of the 19th century, treasury bills and sovereign debt defined the 20th century, but now in the 21st century, it was the Bitcoin era. Bitcoin is an asset of liquid and fungible capital and serves as a modern alternative to obligations, he added.
“Bitcoin is the universal, perpetual and profitable merger partner,” said Saylor, describing it as an investment opportunity that is “deceived, a punctual income that increases from 30% to 60% per year”.
Saylor had previously presented the idea of Bitcoin investment directly to the Board of Directors of Microsoft. In a three -minute presentation supported by 44 slides, he urged the company to move its capital strategy by redirecting cash flows, dividends, redemptions and even debt to Bitcoin.
Despite its efforts, Microsoft shareholders finally voted against a related proposal from the National Center for Public Policy Research, which called to allocate 1% of the company’s species and titles to Bitcoin as an inflation cover.
The rejection was not fully expected, given that the Board of Directors of Microsoft had recommended a vote against the proposal following a complete examination of its investment strategy.
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