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One of the world’s largest tech giants, Microsoft, has recently stirred excitement among crypto investors with news of a potential Bitcoin investment. According to a filing with the U.S. Securities and Exchange Commission (SEC), the possibility of Bitcoin investment will be discussed at Microsoft’s upcoming shareholder meeting on December 10, 2024.
This proposal, introduced by conservative think tank The National Center for Public Policy Research, is opposed by Microsoft’s board of directors, who have recommended a “no” vote at the shareholder meeting.
The board argues that cryptocurrency investment is currently unnecessary. Microsoft’s Treasury and Investment Services Team stated that they continually evaluate various investment options for diversification and inflation protection.
While Microsoft has previously assessed Bitcoin and other cryptocurrencies, it will continue to monitor developments in this space to reassess its position. The company maintains that cryptocurrency’s high volatility is a factor to consider in investment decisions.
If the proposal is accepted by shareholders, Microsoft would become the largest publicly traded company to invest in cryptocurrency, potentially surpassing major crypto investors like Tesla and MicroStrategy.
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