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Microsoft shareholders are set to vote on a proposal to invest in Bitcoin on December 10, 2024. The proposal suggests that the company's board assess whether investing in Bitcoin is a viable option for Microsoft's treasury strategy ¹. However, Microsoft's board has recommended voting against the proposal, citing that the company's management already considers cryptocurrency investments as part of its broader strategy ¹.
The probability of Microsoft shareholders voting in favor of the Bitcoin investment proposal is currently estimated at 13% ². This low probability is largely due to the opposition from major shareholders, such as Vanguard, which owns approximately 9.09% of Microsoft's outstanding shares ¹. BlackRock, on the other hand, has been a strong proponent of Bitcoin, offering a spot Bitcoin ETF to its US clients ¹.
*Key Factors Influencing the Vote:*
- _Major Shareholders' Stance_: Vanguard's opposition and BlackRock's support for Bitcoin ¹
- _Microsoft's Existing Strategy_: The company's management already considers cryptocurrency investments ¹
- _Market Volatility_: Bitcoin's price fluctuations may impact investor confidence ³
*Potential Implications:*
- A "yes" vote could cement Bitcoin's status as a mainstream asset ⁴
- A "no" vote may indicate caution among institutional investors regarding cryptocurrency investments ⁵
- The outcome may influence other companies' decisions regarding Bitcoin investments.
