- Microsoft shareholders to vote on a Bitcoin investment proposal led by a conservative think tank
- Microsoft’s board advises against the proposal, citing stability concerns
- The board assures shareholders that it monitors cryptocurrency developments, including Bitcoin
Microsoft shareholders will vote next December 10, for or against a proposal that will appeal to Bitcoin and crypto enthusiasts. Indeed, it will involve voting for the assessment of Bitcoin as an investment for the company founded by Bill Gates.
However, this is not a decision by Microsoft’s board.
The formal request to put this proposal to a vote was made by the National Center for Public Policy Research – a think tank that has long been involved with this type of asset (specifically Bitcoin) and is tied to the American right wing – a think tank that would like to see Microsoft consider Bitcoin as a tool to protect itself from inflation and other macro issues and challenges.
It will likely be difficult to see such a proposal pass, which in any case would result in an assessment of Bitcoin and not necessarily a purchase by the company behind Windows, Office, and Azure.
The Board
The board does not like the proposal, just as it doesn’t like – as seen in the screenshot we attach – several of the proposals that will be discussed on December 10.
The board added that it has been monitoring the sector for some time to assess what is offered by Bitcoin and other cryptocurrencies.
“Past assessments have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decisions.“
This is the statement accompanying the board’s recommendation to vote against the proposal in question. In other words, there would be no need to vote yes because Bitcoin and crypto are already being considered by Microsoft.
“As indicated in the proposal, volatility is one of the factors to consider when evaluating crypto investments for corporate treasuries, which require stable and predictable investments to ensure liquidity and funds for operations. Microsoft has strong and appropriate processes to manage and diversify its assets for the long-term benefit of shareholders. This request [to include Bitcoin] is unjustified.“
Conclusion
In summary, while the proposal to evaluate Bitcoin as an investment for Microsoft excites many crypto enthusiasts, the company’s board maintains a cautious stance, emphasizing the need for stability and security to protect shareholders’ long-term interests.
The outcome of the December 10 vote will still be an important signal regarding Microsoft’s future approach to cryptocurrencies.
