Key Takeaways:
- Microsoft shareholders will vote on Dec. 10 on a proposal to assess adding Bitcoin to the company’s balance sheet.
- The Microsoft board has recommended voting against the proposal, citing that it already evaluates a wide range of assets, including Bitcoin.
- The proposal, backed by the National Center for Public Policy Research, highlights MicroStrategy’s successful Bitcoin strategy and the broader trend of institutional adoption.
Microsoft shareholders will vote in December on a proposal to evaluate the possibility of adding Bitcoin to the company’s balance sheet.
The proposal, titled “Assessment of Investing in Bitcoin,” was submitted by the National Center for Public Policy Research, citing the success of MicroStrategy’s Bitcoin investment strategy, which has outperformed Microsoft’s stock by over 300% this year.
JUST IN: Microsoft said they urge shareholders to vote against "Assessment of Investing in #Bitcoin" because "Microsoft's management already carefully considers this topic." 👀 pic.twitter.com/Q0lASSDBWm
— Bitcoin Magazine (@BitcoinMagazine) October 24, 2024
The organization argues that corporate adoption of Bitcoin is growing, particularly through Bitcoin exchange-traded funds (ETFs), and suggests Bitcoin could serve as a hedge against inflation and declining bond yields.
The proposal advocates that even a small allocation, such as 1% of Microsoft’s assets, could provide benefits.
🔸BREAKING: Microsoft will ask shareholders to vote on whether to assess #Bitcoin as a corporate treasury asset.
— Bitcoin Archive (@BTC_Archive) October 24, 2024
The board recommends a ‘no’ vote.
🫡 @MacroScope17 pic.twitter.com/r1h7IAXmSM
However, Microsoft’s board has recommended that shareholders vote against the proposal, stating that the company already evaluates a range of investable assets, including Bitcoin.
The board’s stance reflects caution regarding Bitcoin’s volatility and its place within the company’s broader investment strategy.
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