Microsoft has placed an “assessment in investing in Bitcoin” on the voting agenda for its 2024 annual shareholder meeting, scheduled for December 10. The proposal, put forward by The National Center for Public Policy Research, a conservative think tank, suggests that Microsoft consider Bitcoin as an investment option.
However, in a filing with the U.S. Securities and Exchange Commission (SEC), Microsoft’s board of directors recommended shareholders vote against the proposal, deeming it unnecessary. According to the board, the company already has a robust system in place for evaluating various investment assets, including cryptocurrencies.
“Microsoft’s Global Treasury and Investment Services team evaluates a wide range of assets to support ongoing operations, including those that offer diversification and protection against inflation,” the company noted in the filing. Microsoft added that the volatility of Bitcoin and other cryptocurrencies remains a significant factor when considering such investments, but it continues to monitor developments in the crypto space.
The proposal marks a continued interest in the potential of cryptocurrency investments by major corporations, though Microsoft’s management appears cautious about committing to Bitcoin in its corporate strategy.
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