Benzinga
  • 2 weeks ago
MicroStrategy Co-founder Michael Saylor proposed at Microsoft's annual shareholder meeting that the company diversify its balance sheet with Bitcoin. He claimed this move could add hundreds of dollars to Microsoft's stock price. The proposal has rejected the proposal, following the board's recommendation. Saylor's Bitcoin strategy has propelled MicroStrategy's stock price nearly 500% this year. The company holds nearly 280,000 bitcoins valued at over $26 billion.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02MicroStrategy co-founder Michael Saylor proposed at Microsoft's annual shareholder meeting
00:07that the company diversify its balance sheet with Bitcoin.
00:10He claimed this move could add hundreds of dollars to Microsoft's stock price.
00:14Proposal was rejected following the board's recommendation.
00:16Saylor's Bitcoin strategy has propelled MicroStrategy's stock price nearly 500% this year.
00:22Company holds nearly 280,000 Bitcoins, valued at over $26 billion.
00:26For all things money, visit Benzinga.com slash GSTV.

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