Microsoft is about to "take action" on Bitcoin!

To get to the point, Microsoft recently stated in a document that it plans to invest at least 1% of its total assets in Bitcoin. Note the wording: "at least 1%"

At the shareholder meeting scheduled for December 10, 2024, all Microsoft shareholders will vote on the proposal to "invest in Bitcoin". This is not a child's play; since it has been proposed, it means they are prepared.

Currently, Microsoft has a market capitalization of £3.2 trillion, ranking third among publicly listed companies in the US, with only Nvidia and Apple ahead. In fact, this is not the first time Microsoft has proposed investing in Bitcoin; rather, it is a reconsideration after previous thoughts. Although the board currently opposes it and there are some conflicts with financial strategy.

However, this does not mean the proposal will not pass. The board does not have the power to block the proposal or the voting rights of shareholders; the final outcome will still depend on the shareholders' vote. Moreover, Microsoft's second-largest shareholder, BlackRock, is a major holder of Bitcoin.

Currently, BlackRock holds 359,278 BTC valued at £24.5 billion, and BlackRock's outstanding returns on Bitcoin ETFs are already quite persuasive. We can be optimistic, but not overly so; we don’t own Microsoft stock, so it's good to stay informed about the developments. If the vote ultimately passes, and Microsoft makes a significant purchase of Bitcoin, it could potentially become the world's largest publicly listed company cryptocurrency investor. This will also encourage other listed companies, including more sovereign funds and investment institutions, to invest. This is smart money, knowing where to go. Currently for Bitcoin investors, Microsoft’s shareholder meeting is still in December, which can allow the good news to circulate for a bit. However, the upcoming US elections are what truly deserves attention right now. Additionally, we can see the price fluctuations of Bitcoin have been consistently adjusting. #盘整行情分析 #BabyMarvin合约尾号f9c7