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According to the documents filed with the U.S. Securities and Exchange Commission (SEC), the proposal is expected to be put to a shareholder vote on December 10, local time, along with several other proposals.
NCPPR emphasized in the proposal that although Bitcoin has certain volatility, "Bitcoin is still an excellent, or even the best inflation hedge tool", so it is recommended that Microsoft evaluate allocating at least 1% of its assets to Bitcoin.

At 8:30 a.m. PST on December 10 (0:30 a.m. Beijing time on December 11), Microsoft will advance a major shareholder proposal on Bitcoin - that is, to evaluate whether it is in the long-term interests of shareholders to include Bitcoin in the balance sheet through a shareholder vote. Coinciding with BTC hovering around $100,000, this vote is also widely regarded by the market as another key event that affects the trend of the cryptocurrency market this week in addition to CPI and the situation in South Korea.

The ins and outs of the proposal

The shareholder proposal was originally submitted by the National Center for Public Policy Research (NCPPR), a conservative think tank in the United States.

The reason given by NCPPR at the time was that during a period of sustained inflation, the success of a company depends not only on its operating conditions, but also on its profit preservation. According to the Consumer Price Index (CPI), the average inflation rate in the United States over the past four years has been 5% (NCPPR believes that the actual inflation rate may be higher). Therefore, in addition to increasing profits, the company also has a fiduciary responsibility to protect profits from depreciation, but because Microsoft invests most of its assets in US government securities and corporate bonds, it has failed to effectively protect its assets from depreciation.