Microsoft shareholders to decide on BTC investment this week

As the value of Bitcoin surpasses $100,000, Microsoft shareholders are wondering: should the leading cryptocurrency be integrated into their financial strategy?

The response to this major decision could be delivered on Tuesday, December 10, according to a new file filed with the United States Securities and Exchange Commission.

The proposal in question is called “Bitcoin Investment Assessment.” It was presented by the National Center for Public Policy Research, a conservative think tank.

This group praises Bitcoin (BTC) as a hedge against inflation.

Despite these efforts, Microsoft’s board of directors advised shareholders to vote against the proposal.

The board’s reluctance is mirrored by that of Microsoft co-founder Bill Gates, who has previously expressed skepticism about the speculative nature of cryptocurrencies. He called the digital asset trend “100% based on the greater fool theory” in 2022.

This skepticism is shared by other board members who believe the tech giant already takes sufficient consideration of such investment opportunities.

This upcoming vote could influence the entire cryptocurrency investment industry. Microsoft’s endorsement could increase the legitimacy of BTC and its adoption by major financial entities.

Conversely, a decision to reject the proposal could indicate Microsoft’s intention to maintain a more conservative asset portfolio. This differs from companies like MicroStrategy and Tesla, which have invested heavily in BTC.

What Saylor says…

MicroStrategy Executive Chairman Michael Saylor is a strong advocate of Bitcoin, adage he will continue to accumulate the asset as part of his business strategy.

At the beginning of December, he addressed the Microsoft board of directorspromoting Bitcoin as a necessary evolution in digital asset management and urging its inclusion on Microsoft’s balance sheet for the foreseeable future.