#MicrosoftBTCInvestmentVote Microsoft Corporation shareholders will soon vote on whether to add Bitcoin to the company’s balance sheet, a decision likely to impact the price of Bitcoin.
The tech giant will hold its annual shareholders meeting virtually on December 10, starting at 8:30 a.m. Pacific Time.
Microsoft’s board advises shareholders to vote against the proposal, arguing that the company already closely monitors cryptocurrency through its in-house teams. The board suggests focusing on less volatile assets to minimise potential economic losses and counteract inflation effects.
If shareholders vote in favour of adding Bitcoin to Microsoft’s balance sheet, it could have a significant ripple effect on other tech companies and naturally Bitcoin’s price. With a market capitalisation of approximately $3.2 trillion, Microsoft stands as one of the world’s most valuable companies. Approval would position the software giant as a major Bitcoin investor, possibly sparking a wave of adoption across the tech sector. This decision could reshape the perception of the cryptocurrency sector, giving it a new standing in the broader investment landscape.
