Microsoft shareholders are scheduled to vote in December on whether the company should consider adding Bitcoin to its balance sheet. A recent filing with the US securities regulator revealed the proposal for an 'Assessment of Investing in Bitcoin' to be presented at a meeting on Dec. 10. Despite the recommendation from the Microsoft board to vote against it, citing their existing evaluation of various investable assets including Bitcoin, the National Center for Public Policy Research (NCPPR) advocates for the assessment. NCPPR points to MicroStrategy's successful Bitcoin investment strategy, outperforming Microsoft by over 300% this year. While Microsoft's interest in Bitcoin investment seems unlikely, the company did accept Bitcoin payments at its online store in the past. NCPPR emphasizes the potential benefits of holding even a small percentage of assets in Bitcoin as a hedge against inflation and corporate bond yields. Microsoft's stock price remained stable on Oct. 24, showing a minimal increase according to Google Finance data. Read more AI-generated news on: https://app.chaingpt.org/news
Microsoft Shareholders to Vote on Bitcoin Investment
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