🚫 Microsoft Urges Shareholders to Reject Bitcoin Investment Proposal

➡️ Microsoft is advising its shareholders to oppose a proposal from a think tank advocating for Bitcoin investments. The tech giant argues that such an investment does not align with their long-term interests and is unnecessary as their management already considers this topic carefully.

Past evaluations have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decision making

said the company.

📉 Microsoft emphasized the importance of stability in corporate treasury decisions, especially given the volatility of cryptocurrencies. Major shareholders like Vanguard, BlackRock, and State Street must take this factor into account when evaluating investments for corporate treasuries, which rely on predictability to maintain liquidity.

Microsoft has strong and appropriate processes in place to manage and diversify its corporate treasury for the long-term benefit of shareholders and this requested public assessment is unwarranted

it further stated.

➡️ The National Center for Public Policy Research plans to present its Bitcoin diversification proposal at Microsoft’s upcoming annual meeting on December 10. The think tank cites MicroStrategy as an example, noting that its Bitcoin investment strategy led to a 300% increase in stock performance despite less business activity compared to Microsoft.

And they’re not alone. The institutional and corporate adoption of Bitcoin is becoming more commonplace

it added, pointing out that BlackRock, Microsoft’s second-largest shareholder, offers a Bitcoin ETF to its clients.

💰 The think tank suggests that companies should consider investing at least 1% of their assets in Bitcoin. Earlier this year, Microsoft made a significant investment of $1.5 billion in UAE-based AI company G42 to enhance its presence in the AI sector.