Michael Saylor Urges Jeff Bezos to Invest $600M in Bitcoin Instead of Lavish Wedding
Michael Saylor, chairman of MicroStrategy, has intensified his advocacy for Bitcoin adoption among leading global corporations, now taking it to Amazon boss Jeff Bezos.In a recent post on X, Saylor directly suggested that Jeff Bezos, Amazons founder, should consider Bitcoin a significant investment. Saylors recommendation comes as Bezos reportedly prepares for a $600 million wedding celebration. Meanwhile, Saylor urged Bezoz instead to leverage the $600 million sum for Bitcoin acquisition. "$600M would buy a lot of Bitcoin," he said.Reports indicate that Jeff Bezos is set to wed Lauren Sanchez on December 28 in Aspen, Colorado. According to the report, the event will feature extravagant arrangements, including the acquisition of a high-end sushi restaurant with seating for up to 180 guests. Furthermore, multiple luxurious mansions have been rented to host the events attendees. However, Bezos has denied reports about the million-dollar celebration, calling the claims "completely false" and cautioning against believing everything seen in the media.https://twitter.com/saylor/status/1870855350372749702Amazon Discussing Bitcoin AdoptionMeanwhile, Saylors proposal for Bitcoin acquisition coincides with growing momentum among Amazons stakeholders to explore Bitcoin adoption. The National Center for Public Policy Research (NCPPR), a U.S.-based think tank, has recently encouraged Amazon to examine Bitcoins integration into its financial operations. This initiative will culminate in a shareholder vote during Amazons annual meeting in April, where the inclusion of Bitcoin on the companys balance sheet will be a key agenda item. Saylor Pushes Bitcoin to Microsoft BoardWhile pushing for Bitcoin adoption at Amazon, Saylor has also been actively advocating for other tech giants. On December 1, he made a Bitcoin presentation to Microsofts board of directors. Saylor argued that Bitcoin could revolutionize capital preservation and productivity, framing it as essential for the companys long-term growth.He also highlighted Bitcoins capacity to mitigate traditional capital risks, positioning it as a superior form of digital capital.Moreover, Saylor proposed that Bitcoins adoption could provide companies like Microsoft with an alternative to traditional financial strategies, such as stock buybacks.By leveraging Bitcoin, he argued, corporations could achieve higher returns, bolster shareholder confidence, and reduce counterparty risks, aligning with global trends of using Bitcoin as a hedge against economic instability.However, Microsoft's shareholders turned down the proposal, recommending against it, citing volatility problems.
Text source: The Crypto Basic
