In a recent document filed with the US Securities and Exchange Commission (SEC), Microsoft has revealed that it is considering investing in Bitcoin, a move that has generated great expectations. The issue has been proposed as a “voting item” for the company’s next shareholder meeting, scheduled for December 10.
Bitcoin investment proposal
The proposal titled “Bitcoin Investment Assessment” was put forward by the National Center for Public Policy Research, a conservative think tank that is actively involved in the Project 2025 political agenda. Despite its inclusion as a voting point, the council Microsoft executive has recommended shareholders vote against the proposal, calling it “unnecessary.”
Microsoft, in its SEC filing, explained that its Global Treasury and Investment Services team already evaluates a wide range of assets, including cryptocurrencies, as part of its diversification and inflation protection strategy. While the tech giant has considered Bitcoin in previous evaluations, it has emphasized that volatility remains a key factor when analyzing these types of investments.
Cryptocurrency evaluation
Microsoft noted that its team continually monitors trends and developments related to cryptocurrencies to make informed decisions in the future. In addition, the company stressed that it already has solid processes to manage and diversify its corporate treasury.
Implications of the decision
Microsoft, with a market capitalization of $3.157 trillion, would position itself as the largest cryptocurrency investor among publicly traded companies if the proposal is approved. It would surpass giants like MicroStrategy and Tesla, known for their large investments in Bitcoin.
However, the final decision on this proposal is not in the hands of the board, but rather Microsoft shareholders. Under securities laws, shareholders with a significant stake can propose operational changes or policies that, after a vote, determine the company’s course of action.
Bitcoin is currently trading at $67,700, having seen a 0.6% increase in the last 24 hours, according to data from CoinMarketCap.
Bitcoin approached $69,000 when the news broke. Source: CoinMarketCap
The future of Microsoft and cryptocurrencies
The result of this vote will be closely watched, as it could represent a major change in how large technology companies manage their treasury and explore new investment strategies in a constantly evolving market such as cryptocurrencies.
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