During microsoftAt the annual shareholders meeting on December 10, a proposal presented by the National Center for Public Policy Research (NCPPR) will incorporate Bitcoin
btc
$95,571.58
in the company’s financial reserves as a strategic asset to improve profitability for shareholders failed to obtain approval.
The NCPPR motion showed urgency, warning that ignoring Bitcoin could result in missed opportunities. However, the board maintained its position, considering the suggested public evaluation unjustified.
microsoft showed its confidence in existing treasury management processesprioritizing long-term financial stability and health over speculative investments.
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In a pre-recorded video presented at the meeting, the NCPPR emphasized the potential of Bitcoin and stated:
Microsoft can’t afford to miss the next technology wave, and Bitcoin is that wave.
the proposal highlighted the growing institutional acceptance of bitcoinhighlighting Microsoft’s second-largest shareholder, BlackRock, which offers Bitcoin exchange-traded funds (ETFs). Additionally, he cited examples such as MicroStrategy, a company known for its investments in Bitcoin.
Recognizing Bitcoin’s volatility, the NCPPR suggested a cautious approach. They recommended that Microsoft allocate 1% to 5% of your profits to acquiring Bitcoin and evaluate whether such a strategy would serve the best interests of shareholders in the long term.
in a formal presentation with the United States Securities and Exchange Commission (SEC), the The board dismissed the resolution as unnecessary.noting that cryptocurrency investments are inherently unstable and unsuitable for corporate treasury functions that require constant liquidity.
The board stated that Microsoft already employs sound financial strategies to manage its resources and safeguard the interests of shareholders.
Microsoft’s decision to stay away from Bitcoin highlights the ongoing debate over the cryptocurrency’s role in corporate finance. Meanwhile, other industries are taking a different approach, such as Virgin Voyages, which launched a cryptocurrency-powered cruise experience. How is Bitcoin navigating the high seas? Read the full story.
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