Microsoft Proposes Investing in Bitcoin Vanguard Blackrock and Other Companies to Make Decisions

Coin World News Report:
In a filing submitted to the U.S. Securities and Exchange Commission (SEC), tech giant Microsoft revealed that it is considering a proposal to invest in Bitcoin.
Microsoft explicitly disclosed that it is currently proposing an “evaluation of investing in Bitcoin” and will vote on it at the shareholders’ meeting on December 10. However, the company further stated in the filing that the “Board of Directors recommends voting against this proposal.”
Just In: According to a filing with the U.S. Securities and Exchange Commission, Microsoft will present a board resolution regarding the “evaluation of Bitcoin investment.”
The Board of Directors recommends shareholders vote against the proposal.
pic.twitter.com/0WveygitH9
–TFTC (@TFTC21)
October 24, 2024
Vanguard Group and BlackRock are Microsoft’s shareholders.
Vanguard Group is the largest institutional shareholder of Microsoft with a 9% stake, followed closely by BlackRock with a 7.82% stake.
Data from TheBlock shows that BlackRock has become one of the largest institutional participants in the cryptocurrency market, with managed assets totaling over $26 billion, as cryptocurrency spot exchange-traded funds have been launched.
However, Vanguard, a $9.3 trillion asset management company, has been cautious about cryptocurrencies.
Earlier this year, Vanguard published a blog post announcing that it will not issue or offer ETFs related to cryptocurrencies to its clients, following the debut of Bitcoin spot ETFs.
“Vanguard has no plans to create a Vanguard Bitcoin ETF or any other cryptocurrency-related product,” Vanguard wrote. “Furthermore, such products from other issuers will not be available on our brokerage platform.”
Other major shareholders include Deutsche Bank, Capital Group, Morgan Stanley, and JPMorgan.


The publicly traded company now holds 1.73% of BTC.
If Microsoft decides to invest in Bitcoin before December, it will not be the first time a publicly traded company has invested in the largest cryptocurrency asset.
According to Bitcoin Treasuries data, approximately 1.73% (worth $24.9 billion at the time of writing) of the Bitcoin supply is held by publicly traded companies, with the largest being MicroStrategy with 252,220 BTC.
Following the news, the price of BTC rose by 2.3% to $68,456.26.