Microsoft and BTC

[mmm....shiney!]

There's a few news stories doing the rounds that shareholders are to vote on a proposal for MSFT to buy BTC, naturally some are getting all moist about the proposal and preparing to board that rocket to the Moon.

Cryptobugs be no different to goldbugs at times.

 

[pmbug]

It's worked out pretty well for Microstrategy.

...
Bitcoin’s resurgence has sent MicroStrategy’s market cap soaring to nearly $70bn, with the company’s share price up over sixfold in the past year and 20 times (!) in the last five years. This year alone it has rallied 438 per cent. Saylor — fresh from settling a $40mn tax fraud lawsuit last June with Washington, DC — has emerged as corporate America’s ultimate Comeback Kid, the Joe Montana of the Nasdaq.

MicroStrategy has raised capital aggressively to finance its bitcoin purchases, selling $4.6bn of equity in recent years and raising $3.2bn from convertible bonds in 2024 alone. Now it’s doubling down with an audacious $42bn fundraising plan, evenly split between an at-the-market (ATM) equity offering program and new debt securities. At current prices, that means buying nearly 600,000 Bitcoin — close to 3 per cent of the total supply.
...

https://www.ft.com/content/30f9f510-5687-4749-84d9-4b29b5610e79

 

[mmm....shiney!]

MSFT's corporate strategies and risk tolerance would be lower than those of MSTR, likewise Microsoft doesn't have a Saylor at the helm and the fact that MSFT's operating income is in the black whereas MSTR's is not points to a number of dissimilarities between the two companies' business models.

 

[bubblebobble2]

someone wants to launder $$$$...take the cold wallet to Cayman island.....and only Bill knows the password....