 Microsoft shareholders propose firm to look into investing in Bitcoin 
2024-10-25

Shareholders of Microsoft will vote on whether the tech giant should consider adding Bitcoin to its balance sheet, a filing with the United States securities regulator reveals.
In the Oct. 24 filing, Microsoft disclosed that “Assessment of Investing in Bitcoin” is currently proposed to certain shareholders who will cast their vote in a Dec. 10 meeting.
However, the Microsoft board is already recommending they vote against it because they already “evaluate a wide range of investable assets,” including Bitcoin.
The proposal was pushed by the National Center for Public Policy Research, which highlighted business intelligence firm MicroStrategy’s Bitcoin investment strategy and that it has outperformed Microsoft by over 300% this year “despite doing a fraction of the business” of Microsoft.
It also noted that institutional and corporate adoption is becoming more “commonplace” through spot Bitcoin exchange-traded funds.
The research center noted Bitcoin remains volatile but could serve as a hedge against inflation and corporate bond yields.
”At minimum, companies should evaluate the benefits of holding some, even just 1% of its assets in Bitcoin,” it said.
This is a developing story, and further information will be added as it becomes available.