Breaking! Will Microsoft Become a 'New Player' in Bitcoin? The Annual Meeting Vote May Determine the Outcome!
Documents from the U.S. Securities and Exchange Commission reveal that tech giant Microsoft, with a market value exceeding $3 trillion, is considering investing in Bitcoin. Microsoft shareholders will vote on the proposal to "Evaluate Investment in Bitcoin" at the annual meeting on December 10.
This proposal was put forth by the conservative think tank National Public Policy Research Center, related to the "2025 Plan", arguing that "Bitcoin is an excellent tool against inflation." Shareholders including Vanguard, BlackRock, and State Street will be eligible to vote.
However, Microsoft's board of directors has expressed opposition to the potential vote in December, stating that it is "unnecessary."
The board indicated that the company's management has "carefully considered" this controversial initiative and emphasized the volatility of Bitcoin, asserting that the company has already established strong and appropriate processes to manage and diversify its corporate finances for the long-term interests of shareholders.
In fact, as early as between 2014 and 2018, Microsoft accepted Bitcoin payments in its online Xbox store, but this service experienced several pauses due to factors such as price volatility and unstable transaction fees.
Now, Microsoft has reopened the ability to deposit Bitcoin funds into accounts, allowing users to purchase games, movies, and apps in the Microsoft online store using Bitcoin.
In summary, whether Microsoft will invest in Bitcoin is currently uncertain, pending the results of the shareholder vote in December.
