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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 25, 2024 03:24 UTC
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Will Microsoft Invest in Bitcoin? Key Vote Set for December 10
Microsoft shareholders are voting on December 10 whether the company should publicly assess investing in Bitcoin.
Microsoft's board recommends voting against the proposal, believing they already evaluate Bitcoin as part of their investment strategy.
The Bitcoin vote is one of several issues on the agenda for the shareholder meeting.
Microsoft’s upcoming shareholder meeting on December 10 could be a game-changer, with a key vote on whether the tech giant should formally consider Bitcoin as a corporate investment. A recent SEC filing disclosed this new proposal, sparking fresh interest in how major corporations may engage with cryptocurrencies.
The tech industry is weighing the benefits and risks of Bitcoin. Will Microsoft make the move?
Board Opposes Bitcoin Investment Push
Despite the interest, Microsoft’s board is urging shareholders to vote against the proposal. They argue that the company’s management already reviews a wide range of assets, including Bitcoin, through its Global Treasury and Investment Services team.
According to the filing, this team evaluates investments for diversification, inflation protection, and risk management, particularly in light of factors like rising interest rates. The board believes a separate, public assessment of Bitcoin is unnecessary, as it is already part of Microsoft’s ongoing investment reviews.
Volatility a Key Concern
The board also points to Bitcoin’s unpredictable price swings, which they say don’t align with Microsoft’s need for stable assets that ensure liquidity and support daily operations. While the board remains informed about developments in the crypto world, they emphasize that Microsoft already has rigorous processes to manage its investments.
December 10 Meeting Agenda: Bitcoin & More
While the Bitcoin proposal is drawing attention, it’s just one item on the December 10 agenda. Shareholders will also vote on governance policies, executive compensation, and board member elections. However, the Bitcoin question is likely to be a central focus, given the increasing interest in cryptocurrencies within the corporate sector.
It’s a hot topic—will Microsoft venture deeper into the world of Bitcoin, or stick to its current strategy? We’ll find out after the votes are in!
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