Key Takeaways
- Microsoft’s shareholders will vote on a Bitcoin investment proposal in December.
- The company’s board advises voting against the assessment proposal.
- If approved, Microsoft would become the largest company investing in Bitcoin.
Microsoft has placed an “Assessment in Investing in Bitcoin” on the ballot for its December 10, 2024, annual shareholder meeting.
The proposal, introduced by The National Center for Public Policy Research, calls for the company to evaluate Bitcoin as a potential investment.
However, Microsoft’s board of directors has advised shareholders to vote against the proposal, describing it as “Unnecessary”.
SEC filing
In an SEC filing, Microsoft stated that its Global Treasury and Investment Services team already evaluates a wide range of assets, including Bitcoin, to manage risks like inflation and interest rate changes.
The company emphasized that its treasury processes ensure diversification and noted that it continues to monitor developments related to Bitcoin.
Third largest company
Microsoft is the third-largest tech company in the U.S., with a market capitalization of $3.157 trillion.
If shareholders approve the proposal, Microsoft would become the largest publicly traded company to invest in Bitcoin, surpassing MicroStrategy and Tesla.
The decision ultimately rests with shareholders, who have the right to propose and vote on such initiatives during the meeting.
