📣 Bitcoin on Microsoft’s Agenda?
posted 25 Oct 2024
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 shareholders’ meeting on December 10.
Microsoft’s SEC Filing. Source: SEC Website
Shareholders will be invited to assess Bitcoin’s 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 “excellent, if not the best, hedge against inflation.”
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 “historic movement” aiming to “take down the Deep State and return the government to the people.”
Microsoft’s leadership appears skeptical of the Center’s proposal, stating in the resolution, “The Board recommends a vote AGAINST this proposal.”
Microsoft’s Resolution Source: SEC Website
The notice of the shareholders’ meeting filed with the SEC reveals that Microsoft’s management carefully reviewed the Bitcoin investment proposal and deemed it “unnecessary.”
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, Microsoft’s 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? Microsoft’s largest shareholders include BlackRock and State Street, both actively promoting spot Bitcoin ETFs.
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