Microsoft Urges Shareholders to Reject Bitcoin Investment Proposal

adminOctober 25, 2024

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Software giant Microsoft has advised shareholders to vote against a proposal urging them to consider investing in Bitcoin (BTC).

Microsoft released on October 24th filing The U.S. Securities and Exchange Commission (SEC) said the proposal, titled “Bitcoin Investment Assessment,” will be voted on at its shareholders meeting on December 10.

The company’s board recommended investors vote against the proposal because the company is already evaluating “a variety of investable assets.”

MicroStrategy outperforms Microsoft by 300% this year.

This suggestion comes from the National Center for Public Policy Research (NCPPR), which claims that MicroStrategy outperformed Microsoft by 300% this year due to its Bitcoin investment strategy.

MicroStrategy can do this “despite only carrying out a small portion of Microsoft’s business,” he added.

Good evening.
It’s official. At the annual general meeting on December 10th, Microsoft shareholders are scheduled to ‘vote on their investment’. #Bitcoin‘. The committee officially recommends ‘no’ to the bill, but its implications are clear. #Bitcoin We can no longer ignore public corporations…
— James Lavish (@jameslavish) October 24, 2024

Adoption by Institutions and Companies Bitcoin NCPPR also said U.S. spot Bitcoin ETFs (exchange-traded funds) are becoming more “common” following the launch.

Despite BTC’s volatility, NCPPR said the major cryptocurrency can still provide a hedge against inflation and corporate bond yields. BTC added: “It’s a good, if not the best, hedge against inflation.”

“At a minimum, companies should evaluate the benefits of holding even 1% of their assets in Bitcoin,” he said.

Microsoft’s Bitcoin History

Microsoft’s board recommended that investors vote against the proposal, but the company has explored Bitcoin and its technology in the past. Between 2014 and 2018, the Company accepted payments as follows: BTC From the online Xbox Store.

However, the company is now focusing more on artificial intelligence. We invested $1 billion in OpenAI in 2019, and an additional $10 billion in January 2023.

Microsoft’s stock price It has risen slightly over the past 24 hours, trading at $424.73 as of 2:38 a.m. ET. MicroStrategy’s stock price has surged more than 10% over the same period. Bitcoin During the same period, prices rose slightly.

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