Do McDonald's shareholders suggest investing in Bitcoin?😱🧐
Conservative shareholders of McDonald's wanted the popular fast food chain to consider buying Bitcoin.
However, according to a document submitted to the U.S. Securities and Exchange Commission (SEC), the company currently has no interest in discussing such a proposal.
For reference, the proposal began when the National Center for Public Policy Research (NCPPR), a group of conservative experts and McDonald's shareholders, sent a letter to the famous burger chain urging top leaders to buy Bitcoin.
McDonald's is widely considered, even by former CEO and president Harry Sonneborn, as a real estate company that sells hamburgers. The NCPPR expressed in its proposal.
Real estate has been a much more reliable store of value than cash and bonds, but it will not appreciate over time as much as BTC and is not as liquid as Bitcoin.
Moreover, as more companies incorporate Bitcoin into their balance sheets, if McDonald's does not follow suit, it will fall behind where it once led, the group of shareholders added.
It is worth noting that this is not the first time that shareholders of a corporation have requested boards of directors to start acquiring Bitcoins.
For reference, the famous technology and artificial intelligence company, "Strategy," led by Michael Saylor, popularized the accumulation of Bitcoin. This is because the constant purchase of this crypto asset and the appreciation of the popular cryptocurrency have driven substantial growth in its treasury and stock.
Additionally, the video game chain, "GameStop," recently announced it had raised $1.5 billion to buy BTC. In contrast, in December 2024, shareholders of the tech giant, "Microsoft," voted against such a measure.
Despite the growth of companies linked to Bitcoin, McDonald's dismisses the investment.
