Microsoft tells shareholders to reject call to invest corporate cash in Bitcoin馃槙馃槙馃槙Will This Impact $BTC Price 馃槩馃槩 The Answer Is Below 馃憞馃憞馃憞馃憞
Microsoft is advising its shareholders to reject a proposal to invest corporate cash in Bitcoin, citing that it's not in the best interest of the company's long-term goals .The proposal, submitted by the National Center for Public Policy Research (NCPPR), suggests that investing in Bitcoin could diversify Microsoft's assets and enhance shareholder value .
However, Microsoft's management believes that investing in Bitcoin would significantly increase the company's downside risk . If Microsoft were to invest in Bitcoin and its value were to drop, the company's senior management would likely face criticism for the potential losses .
It's worth noting that Microsoft has already considered investing in Bitcoin and other cryptocurrencies in the past, but has decided against it . The company's board of directors has evaluated various investment options, including Bitcoin, and has determined that it's not the right fit for Microsoft's investment strategy .
Key Reasons for Rejection:
- _Increased Downside Risk_: Investing in Bitcoin could lead to significant losses if its value drops .
- _Long-term Goals_: Microsoft's management believes that investing in Bitcoin is not aligned with the company's long-term interests .
- _Past Evaluations_: Microsoft has already considered investing in Bitcoin and other cryptocurrencies, but has decided against it .
Microsoft's annual shareholder meeting is scheduled to take place on December 10, where shareholders will vote on the proposal . $BNB
