Michael Saylor Explains Why Microsoft Should Buy Bitcoin

In a recent address at Strategy World 2025, Michael Saylor delivered a bold message to tech giants like Microsoft: instead of pursuing stock buybacks, they should consider investing in Bitcoin. Saylor argued that corporate treasuries are missing out on significant potential gains by adhering to traditional capital strategies.

Over the past five years, Microsoft’s stock has delivered a respectable annual return of 18%. However, Bitcoin has outperformed significantly, boasting a 62% annual increase during the same period. Saylor highlighted that if the S&P 500 represents a cost of capital at 14%, Microsoft’s stock is outperforming by 4%, while Bitcoin is surpassing expectations by 48%. In contrast, bonds have experienced a 5% decline, trailing behind by 19%.

According to Saylor, Bitcoin represents more than just a high-performing asset—it embodies a distinct type of digital capital. Drawing parallels to digital pictures, relationships, and videos, he emphasized the superiority of digital assets over their physical counterparts. In his view, Bitcoin functions as a digital building, invisible, indestructible, and immortal, offering unparalleled advantages over traditional assets.

Given Microsoft’s foundation in digital infrastructure, Saylor contended that the company should transition to being powered by digital capital, with Bitcoin at the forefront. He underscored Bitcoin’s value as an uncorrelated asset, providing insulation against market fluctuations and offering strategic flexibility for corporate financial management.

In Saylor’s vision, the future lies in embracing Bitcoin—a decentralized, borderless, and censorship-resistant asset with a proven track record of exceptional performance. He urged companies with substantial cash reserves to consider the advantages of incorporating Bitcoin into their balance sheets, emphasizing its resilience to competitors, geopolitical factors, and economic uncertainties.

To watch the full live stream of Saylor’s presentation and delve deeper into the potential benefits of Bitcoin for corporate treasuries, visit the provided links. Embracing digital capital and harnessing the unique advantages of Bitcoin could pave the way for a new era of financial growth and resilience in the corporate world.