#MicrosoftBTCInvestmentVote
Microsoft shareholder proposes firm look into investing in Bitcoin
Microsoft’s board is recommending voting against it, arguing they already “evaluate a wide range of investable assets,” including Bitcoin.
The National Center for Public Policy Research (NCPPR) pushed the proposal, which highlighted business intelligence firm MicroStrategy’s Bitcoin investment strategy and that it has outperformed Microsoft by over 300% this year “despite doing a fraction of the business” of Microsoft.
It also said that institutional and corporate adoption is becoming more “commonplace” through spot Bitcoin exchange-traded funds.
The research center noted Bitcoin remains volatile but could serve as a hedge against inflation and corporate bond yields.
”At minimum, companies should evaluate the benefits of holding some, even just 1% of its assets in Bitcoin,” it said.
#MicrosoftBTCInvestmentVote $BTC
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