Will this be the Changing Era of Microsoft ??
As per Sources Microsoft shareholders are scheduled to vote on December 10, 2024, on a proposal regarding Bitcoin investment. This initiative, backed by the National Center for Public Policy Research, suggests that Bitcoin could serve as an inflation hedge and highlights its corporate adoption by companies like MicroStrategy.
Proponents argue that even a modest allocation of 1% of Microsoft's assets could yield long-term benefits.
However, Microsoft's board of directors has recommended voting against the proposal. They cite prior evaluations of Bitcoin and other assets as part of their broader investment strategy and express concerns about the cryptocurrency's volatility.
The board maintains that Microsoft focuses on stable, predictable investments to fund operations effectively and prioritize areas like artificial intelligence over cryptocurrency investments
The decision, if approved, could mark a significant step for corporate adoption of Bitcoin, but given the board's opposition, the outcome remains uncertain.
