Dell Rejects Bitcoin Treasury Proposal, Cites Micromanagement
Dell has officially shot down a shareholder proposal to add Bitcoin to its corporate treasury, calling it an overreach into management's discretion. In a May 9 letter, Dell argued the move would lead to improper micromanagement and hinder informed shareholder judgment. The proposal pushed for replacing cash and bonds with Bitcoin to hedge inflation, but Dell stood firm—crypto won't be making it onto the balance sheet anytime soon.
