Indeed, Vanguard previously had no interest in cryptocurrencies and even stated in public interviews that #BTC is not a suitable long-term asset. However, interestingly, Vanguard (The Vanguard Group) is currently the second-largest shareholder of $MSTR.
Of course, this does not mean that Vanguard will definitely change its stance, but it is indeed noticeable that more U.S. publicly traded companies will likely consider #Bitcoin as an investment reserve asset following the official launch of FASB's new rules on December 15, 2024.
Returning to the vote at Microsoft on December 11, Beijing time, Michael Saylor had three minutes to explain the potential benefits of investing in BTC to Microsoft's board of directors. The process of this speech and the subsequent vote were most likely not live-streamed and could only be shared through shareholders or reported by invited journalists.
The probability of passing this time, in my personal judgment, is still quite low, remaining around 30%. This is mainly because among Microsoft's board of directors, the only clear supporter of BTC is BlackRock. Although Vanguard holds MSTR, their stance is not very clear. None of the other Microsoft directors have publicly disclosed any BTC holdings, so I am not optimistic about the probability of passing this time.
But for BTC itself, having Michael Saylor speak for three minutes is already a significant improvement.
Additionally, if it really does pass unexpectedly, a direct increase of 5% for BTC should not be a problem. If it does not pass, the only expectation left before January 20 is MSTR's entry into the Nasdaq 100 index on December 21, Beijing time.
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