Microsoft Requests Shareholders to Vote Against Investing in Bitcoin Filed with the US Securities and Exchange Commission

CoinJie.com reports:
Software giant Microsoft will hold its shareholders’ meeting next month with Bitcoin on the agenda. Microsoft (NASDAQ: MSFT) will hold its annual shareholders’ meeting on December 9, where investors will vote on various proposals, according to a filing submitted by the U.S. Securities and Exchange Commission on Thursday. One of the proposals to be voted on is “Bitcoin investment evaluation,” with the board recommending that shareholders vote against it. It is currently unclear whether this proposal refers to Microsoft including the largest cryptocurrency, Bitcoin, on its balance sheet. Microsoft has not immediately responded to requests for comment on this matter. The filing also noted that “Microsoft management has carefully considered this issue.” Microsoft is one of the world’s largest software companies and accepts Bitcoin from customers shopping online at its Windows and Xbox stores. If Microsoft does indeed invest in Bitcoin, it will be one of the few U.S. companies to do so. MicroStrategy, a software company that sells data analytics solutions, began buying Bitcoin back in 2020. The Virginia-based company is now the largest corporate holder of cryptocurrency, with 252,220 Bitcoin in reserves currently valued at $17 billion. Despite its success for shareholders, many publicly traded tech companies have yet to follow suit.
Editor: Sebastian Sinclair