Microsoft shareholders to decide on BTC investment this week

As Bitcoin’s value rises above $100,000, Microsoft shareholders are wondering: Should the top cryptocurrency be integrated into their financial strategies?

The answer to this important decision could come as early as Tuesday, December 10, according to a new filing with the U.S. Securities and Exchange Commission.

The proposal at hand is called “Evaluating Investment in Bitcoin”. It was put forward by the National Center for Public Policy Research, a conservative think tank.

This group praises Bitcoin (BTC) as a hedge against inflation.

Despite this pressure, Microsoft’s board of directors recommended that shareholders vote against the proposal.

The board’s reluctance is also reflected by Microsoft co-founder Bill Gates, who has previously expressed skepticism about the speculative nature of cryptocurrencies. He described the digital asset trend in 2022 as “100% based on the greater fool theory.”

This skepticism is shared by other board members who believe the tech giant has already adequately evaluated such investment opportunities.

This upcoming vote could impact the entire cryptocurrency investment industry. Microsoft’s approval could increase BTC’s legitimacy and adoption by major financial institutions.

Conversely, the decision to reject the offer may indicate Microsoft’s intention to maintain a more conservative asset portfolio. This differentiates it from companies like MicroStrategy and Tesla, which have invested heavily in BTC.

What Saylor said…

MicroStrategy Chief Executive Michael Saylor has been a vocal advocate for Bitcoin and said the company will continue to accumulate assets as part of its strategy.

Addressing Microsoft’s board of directors in early December, he introduced Bitcoin as a necessary evolution in digital asset management and called for its inclusion on Microsoft’s balance sheet for the foreseeable future.

During the presentation, Saylor described BTC as the biggest digital transformation of the 21st century. He also added that Bitcoin is “the highest-performing, uncorrelated asset a company can hold on its balance sheet.”