Microsoft, valued at more than $3 trillion, is eyeing a potential investment in Bitcoin, the world’s largest cryptocurrency, according to a new filing from the U.S. Securities and Exchange Commission (SEC).
The company plans to vote on its “Bitcoin investment evaluation” at its annual general meeting in December. The proposal was brought forward by the conservative National Center for Public Policy Research, which is associated with Project 2025. The center, in its rationale for bringing the proposal to the company, characterized Bitcoin as “a good, if not the best, inflation hedge.”
However, Microsoft’s board of directors opposed the possibility of a vote in December, declaring it “unnecessary” as the company’s management is “already carefully considering” the controversial move.
Regarding its opposition to the proposal, the company said, “Past evaluations have included Bitcoin and other virtual currencies among the options considered, and Microsoft will use the We continue to monitor trends and developments.”
“As the proposal itself points out, volatility should be considered when evaluating cryptocurrency investments for corporate finance applications that require stable and predictable investments to ensure liquidity and operating capital. “Microsoft has strong and appropriate processes in place to manage and diversify its corporate debt for the long-term benefit of its shareholders, and this requested public assessment is unwarranted.” added.
On Friday, Michael Saylor, CEO of MicroStrategy, Bitcoin’s largest corporate holder, advised Microsoft CEO Satya Nadella on a potential investment. I encouraged him to contact me to ask. “If you want[Microsoft]to make the next trillion dollars,” shareholders, call us. ”
Shareholders of Vanguard, BlackRock, State Street and others will be eligible to vote on the proposal in December.
