Microsoft is about to take action on Bitcoin!

To get to the point, Microsoft indicated in a recent document that it plans to invest at least 1% of its total assets in Bitcoin. Note the wording, it is "at least 1%".

During the shareholders' meeting scheduled for December 10, 2024, all Microsoft shareholders will vote on the proposal to "invest in Bitcoin." This is not child's play or a whim; the proposal indicates that preparations have been made.

Microsoft currently has a market cap of $3.2 trillion, ranking third among U.S. publicly traded companies, behind Nvidia and Apple. In fact, this is not the first time Microsoft has proposed investing in Bitcoin; it is a reconsideration. Although the board currently opposes it and it somewhat conflicts with financial strategy.

However, this does not mean the proposal will not pass. The board does not have the power to block the proposal or shareholders' voting rights; the final outcome will depend on the shareholders' vote. Moreover, Microsoft’s second-largest shareholder, BlackRock, is a significant holder of Bitcoin.

Currently, BlackRock holds 359,278 BTC valued at $24.5 billion, and its impressive returns on Bitcoin ETFs are already persuasive enough. One can be optimistic, but not overly so, as we do not hold Microsoft stock; it's good to stay informed about the developments. If the vote ultimately passes and Microsoft makes a large purchase of Bitcoin, it could potentially become the world's largest publicly traded company investor in cryptocurrencies. This could also encourage other public companies, including more sovereign funds and investment institutions, to invest. This is smart money, knowing where to go. Currently, for Bitcoin investors, Microsoft's shareholders' meeting is still in December, allowing the positive sentiment to linger for a while. However, the upcoming U.S. election is what really deserves attention. Additionally, Bitcoin's price fluctuations have been consistently adjusting. #盘整行情分析 #BabyMarvin合约尾号f9c7