Michael Saylor again urges Microsoft to buy Bitcoin: US debt and stock buyback yields are too low, harming shareholders in the long run.

Michael Saylor, founder of MicroStrategy, once again called on tech giant Microsoft to change its capital allocation strategy: abandon low-yield bonds and share buybacks and invest in bitcoin instead, arguing that it is the best "capital investment" of the digital age. (Synopsis: Micro Strategy pushes another $21 billion new financing plan, fearless of Bitcoin Q1 loss of $5.9 billion "continue to buy, buy, buy") (Background supplement: MicroStrategy spent $1.42 billion to "buy 15,355 BTC" total holdings exceeded 550,000 BTC, MSTR soared 27% in one month) Michael Saylor, the leader of bitcoin holdings in U.S. listed companies, said recently at Strategy World, the annual conference In 2025, there was another strong call for tech giant Microsoft (Microsoft) to adjust its capital allocation strategy and boldly embrace Bitcoin (BTC). Michael Saylor is sharply critical of Microsoft's current practice of using its vast cash flow for share buybacks, dividends, and low-yield bonds. He argues that these traditional strategies are inefficient and could hurt shareholder value and weaken corporate resilience in the long run. Citing data to underscore his argument, he pointed out that Bitcoin's average annual return over the past five years has been as high as 53%, a total increase of more than 950%, far exceeding the annual return of about 6% and 148% of Microsoft's stock over the same period, and even better than investment-grade bonds that can generate negative real returns in an inflationary environment. Saylor used strong words, saying that investing in bitcoin is "10 times better than buying your own stocks," calling "bonds toxic" and warning that share buybacks "will destroy 97% of capital in 10 years." Saylor firmly believes that in the current era of digitalization, Bitcoin is not only a high-performing asset class, but also a key "digital capital" that drives enterprise value growth while reducing risk. Note: Just at the end of 2024, Microsoft shareholders rejected a proposal to invest in Bitcoin. Microsoft's Considerations and Future Outlook Saylor's lobbying efforts are the backdrop to Microsoft's shareholders voting in December 2024 to reject a proposal by the National Center for Public Policy Research to allocate some cash and securities to Bitcoin. At the large enterprise level, there are still significant challenges to bringing Bitcoin to balance sheets, including Bitcoin's inherent high volatility, ongoing regulatory uncertainty, and strict investment strategy constraints within many large companies. Extended reading: News: Microsoft's board rejects investment in bitcoin Netizen: Ten years from now, will regret today's mistakes This debate about "digital capital" and its impact on the financial future of companies needs to be continuously observed. However, after Microstrategy's latest increase in positions, the company's total bitcoin holdings have reached 555,450, with a total purchase cost of $38.08 billion and an average purchase price of $68,550. Related Stories New Crypto Aircraft Carrier Born! Tether, SoftBank and Bitfinex jointly venture $3 billion to create "21 Capital": buy all bitcoin to copy the success of micro-strategy Michael Saylor: 55 million people around the world indirectly "hold micro-strategy to support BTC", and then hint at buying bitcoin 5 listed companies that bought bitcoin at a high level: Strategy's floating loss during the micro-strategy period exceeded $4 billion (Michael Saylor). Then shout Microsoft buy bitcoin: the return on U.S. bonds and repurchase of shares is too low, and it is hurting shareholders in the long run" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".