📣 Bitcoin on Microsoftâs Agenda?
posted 2 hr ago
According to a filing on the U.S. Securities and Exchange Commission (SEC) website, Microsoft will bring the topic of corporate investments in Bitcoin to its next shareholdersâ meeting on December 10.
Microsoftâs SEC Filing. Source: SEC Website
Shareholders will be invited to assess Bitcoinâs potential as a hedge against inflation and other unfavorable macroeconomic conditions.
The National Center for Public Policy Research has prepared an analysis for the discussion, calling Bitcoin an âexcellent, if not the best, hedge against inflation.â
The Center advises Microsoft to invest at least 1% of its assets in Bitcoin.
Notably, the Center is also on the advisory board for Project 2025, a âhistoric movementâ aiming to âtake down the Deep State and return the government to the people.â
Microsoftâs leadership appears skeptical of the Centerâs proposal, stating in the resolution, âThe Board recommends a vote AGAINST this proposal.â
Microsoftâs Resolution Source: SEC Website
The notice of the shareholdersâ meeting filed with the SEC reveals that Microsoftâs management carefully reviewed the Bitcoin investment proposal and deemed it âunnecessary.â
To support their stance, board members reference the proposal from the National Center for Public Policy Research, which emphasizes that volatility is a key factor to consider in evaluating corporate investments in cryptocurrency.
Taking this into account, Microsoftâs leadership believes that, at this stage, Bitcoin investments would not provide long-term benefits for shareholders.
Past evaluations have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decision makingthe statement reads.
The twist? Microsoftâs largest shareholders include BlackRock and State Street, both actively promoting spot Bitcoin ETFs.
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