In regulatory documents submitted by Microsoft on October 24, shareholders will vote on the proposal at the year-end meeting to decide whether to evaluate BTC as a corporate investment.
The proposal was submitted by the shareholder advisory committee, requesting an assessment of BTC's potential role in Microsoft's financial operations.
The board recommends opposition, stating that the finance department has assessed assets including BTC, emphasizing its volatility and that the company's existing processes can maintain financial stability without further review.
Microsoft's Global Treasury and Investment Services team has assessed various assets, including those that can provide diversity and inflation protection.
Previously, BTC and others have been viewed as part of risk management and will continue to monitor market trends.
At Microsoft's annual meeting on December 10, other topics such as governance and executive compensation were also discussed, but the BTC proposal became the focus.
Microsoft's financial management is conservative, prioritizing stability, investing large amounts of cash in low-risk assets, and the board's opposition to BTC investment reflects this strategy.
BTC's price is highly volatile, having surged above $69,000 in 2021 and then repeatedly falling below $30,000, making it a high-risk asset for corporate finances and posing operational risks.
Although institutional interest in BTC is rising, many companies remain cautious due to operational risks, regulatory uncertainties, and cybersecurity concerns, with some accepting and others observing.
The technological development of crypto assets has drawn attention, but the uncertainty of market applications and regulations has made companies like Microsoft cautious.
Looking ahead, it is inevitable for large enterprises to use Bitcoin as a reserve asset.
