Microsoft shareholders are currently engaged in pre-voting to determine whether the company should consider investing in Bitcoin. This proposal, part of Microsoft’s annual shareholder meeting, suggests that Bitcoin could serve as a hedge against inflation and other economic factors. The proposal was outlined in a filing with the U.S. Securities and Exchange Commission on Oct. 24.
The proposal argues that Microsoft’s current investment in corporate bonds may not be effectively outpacing inflation and recommends Bitcoin as a way to diversify the company’s assets and enhance shareholder value. Shareholders will have the opportunity to formally vote on the matter at the annual meeting on Dec. 10.
Despite the proposal, Microsoft’s board of directors has advised shareholders to reject it. The board believes that the company’s current investment strategy is robust and does not see a need to invest in Bitcoin. They are confident that the current diversified portfolio can withstand economic changes without additional investments.
Please note that this information is not intended as investment advice. To explore investing in a variety of cryptocurrencies, you can sign up with Binance exchange with a 20% commission discount. Stay updated on exclusive news, analytics, and on-chain data by following our Telegram and Twitter accounts.
