Microsoft Shareholders Reject Bitcoin Integration Proposal
At its annual meeting on December 10, Microsoft shareholders voted against a proposal to include Bitcoin (BTC) in the company’s balance sheets. The proposal, presented by the National Center for Public Policy Research (NCPPR), aimed to allocate 1% to 5% of Microsoft’s profits to Bitcoin investments, citing its growing corporate adoption and potential for profit diversification.
The NCPPR highlighted companies like BlackRock, which offers a Bitcoin ETF, to argue that adopting Bitcoin could enhance shareholder value. However, Microsoft's board opposed the idea in a 14A filing with the SEC, labeling the proposal "unnecessary." They emphasized that the company already evaluates cryptocurrency options but prioritizes stable investments to maintain liquidity and operational funding.
The board also dismissed the need for a public review of Bitcoin's inclusion, pointing to its volatility and risks compared to traditional assets like bonds. Ultimately, shareholders supported the board’s cautious stance, reflecting Microsoft’s preference for long-term stability over speculative investments in cryptocurrency.
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