Official Microsoft press release or major financial news outlets

Microsoft Considers Bitcoin Investment by December to Boost Market Cap by Trillion Dollars

Oct 25, 2024, 12:46 PM

Microsoft is reportedly considering allocating a portion of its treasury into Bitcoin, a move that could significantly impact the company's financial strategy. Michael Saylor, CEO of MicroStrategy, has publicly encouraged Microsoft CEO Satya Nadella to invest in Bitcoin, suggesting it could add the next trillion dollars to Microsoft's market cap. Saylor, who previously convinced Tesla to invest in Bitcoin, believes this could be a game-changer for Microsoft. The potential move by Microsoft, expected to be decided by December, is seen as a signal that Bitcoin could gain further adoption as a digital store-of-value by major corporations looking to preserve economic value.