Microsoft Bitcoin Investment Proposal Heads to Shareholder Vote This Week

Microsoft Corp. is about to make a final decision on whether to invest in Bitcoin or not, with shareholders set to vote on the matter on December 10.

The Washington-based conservative think tank, the National Center for Public Policy Research (NCPPR), filed a shareholder proposal with the U.S. Securities and Exchange Commission (SEC), titled the “Assessment of Investing in Bitcoin.” The proposal called on Microsoft to consider adding Bitcoin to its balance sheet.  

The group characterized Bitcoin as “an excellent, if not the best, hedge against inflation.” The NCPPR also recently urged Amazon to explore adding Bitcoin to its strategic reserve.

However, despite the organization’s advocacy, Microsoft’s board of directors has recommended that shareholders reject the proposal. 

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The board’s stance aligns with sentiments previously expressed by Microsoft co-founder Bill Gates, who has been vocal about his skepticism toward cryptocurrency. In 2022, Gates referred to the digital asset trend as being “100% based on greater fool theory.”

Other members of Microsoft’s board have expressed similar views, arguing that the company already thoroughly evaluates potential investment opportunities, including those related to cryptocurrency.

The upcoming shareholder vote has the potential to impact the broader crypto investment landscape. If Microsoft opts to approve the proposal, it could boost Bitcoin’s credibility and encourage adoption among mainstream financial institutions. 

Related: Crypto Titans Bunker Down Now: Vitalik’s Austerity Vow, Binance $1B Bitcoin Shield

On the other hand, a rejection could indicate Microsoft’s commitment to a more conservative asset strategy, setting it apart from companies like MicroStrategy, which have heavily invested in Bitcoin.

Currently, MicroStrategy is the largest corporate holder of Bitcoin with over 402,000 BTC, thanks to its recent acquisition of 15,400 BTC worth $1.5 billion. The company’s total investment in Bitcoin amounts to $23.4 billion, with the current market value of its holdings estimated at approximately $38 billion. 

Read More

• Michael Saylor Urges Microsoft Board to Embrace Bitcoin Strategic Reserve
• Microsoft to Bitcoin: Thanks, but No Thanks (We’re Good With Clippy)
• Microsoft to Consider Bitcoin Investment in Shareholder Vote, Board Disagrees

MICHAELA

Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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