Microsoft icon shareholders meeting will vote on whether to invest $5.1 billion in Bitcoin!
✔✔Microsoft plans to vote on whether to evaluate the proposal to invest in#Bitcoinat its annual shareholders meeting on December 10, 2024. The proposal was put forward by the conservative think tank National Center for Public Policy Researchicon (NCPPR), suggesting that Microsoft allocate 1% of its total assets for#BTCinvestment.
As of the financial report on June 30, 2024, its total assets were approximately US$512.163 billion. Therefore, 1% of total assets is approximately US$5.122 billion.
In this vote, Microsoft's major shareholders will participate in decision-making, including:
☞ Vanguard: holds approximately 9.1% of Microsoft's shares and is the largest shareholder.
☞ BlackRockicon: holds approximately 5.7% of Microsoft's shares, ranking second.
☞ State Streeticon: holds approximately 4.04% of Microsoft's shares, ranking third.
☞In addition, Steve Ballmer, the former CEO of Microsoft, also occupies an important position in the list of shareholders.
Among them, the largest shareholder of Microsoft is Pioneer Navigator, whose consistent attitude is to oppose BTC, the board of directors is also opposed, and Bill Gates is also opposed. I don’t know who else supports it besides BlackRock? In addition, will the voting results be announced as soon as possible? Will there be a live broadcast of the shareholders’ meeting? This is all unknown!
It is worth noting that the Microsoft board of directors recommended that shareholders vote against the proposal, believing that the company’s management has evaluated a variety of investable assets including BTC.
But this time the variables may be on BlackRock. It is known that BlackRock is currently the largest BTC holding company among the US icon-announced asset management companies. As of now, it holds a total of 474,627 BTC. BlackRock is also the second largest shareholder of Microsoft. It is very likely that BlackRock will vote in favor.
Another variable may be @saylor, the CEO of $MSTR, who will introduce the all-in BTC to the Microsoft board of directors in December. This will most likely happen before December 10, which will have a certain impact on this vote. So BlackRock + Michael, I personally think the feasibility is more than 30%
The above information is for reference only.