In an SEC filing, Microsoft announced that shareholders will vote on “consideration of an investment in Bitcoin” at its annual meeting on December 10.

As part of its obligations as a US public company, the tech giant outlined in its SEC filing which topics will be discussed at its upcoming annual meeting. One proposal, put forward by conservative think tank the National Center for Public Policy Research (NCPPR), suggests diversifying Microsoft’s balance sheet with Bitcoin. The proposed investment is intended to protect the company’s cash reserves from inflation.

However, because of bitcoin’s volatile nature, companies should be very cautious about buying Bitcoin, according to NCPPR, although diversifying to as little as 1% could be considered. The SEC filing also includes board recommendations on each of the discussion topics. On this one, the board recommended that shareholders vote against the proposal, calling it unnecessary.

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