Microsoft to Vote on Bitcoin Investment Assessment in December

They asked them to vote against a report called the “Assessment of Investing in Bitcoin .”

Why? Microsoft says they’re already keeping a close eye on Bitcoin investment and don’t need an extra report. Let’s break down what this all means.

What’s a Shareholder and What’s the Deal with Bitcoin?

Shareholders are people or groups that own shares, or small pieces, of a company. When you own shares, you get a say in some company decisions. Big companies like Microsoft often ask shareholders to vote on important topics, and this time, the topic is Bitcoin.

Bitcoin becoming super popular over the years, and some companies have started buying it or letting people pay with it. Some shareholders are curious if Microsoft should consider investing in Bitcoin, too.

🚨 JUST IN: Microsoft asks shareholders to vote on whether to consider investing in Bitcoin! pic.twitter.com/eZAY0PIDBv

— Swan (@Swan) October 24, 2024

Some shareholders wanted a special report on whether Microsoft should invest in Bitcoin. But Microsoft’s managers are saying, “No need to go there.” They explained that they’re already thinking about the idea of Bitcoin and have it covered. In their view, an extra report on Bitcoin investing would just be doubling up on work.

More About Bitcoin & Microsoft

Microsoft says their team is already “on the ball” when it comes to looking at new technologies like Bitcoin. They regularly check out whether or not new tools, like digital money, would be good for the company and its future.

Microsoft believes that by creating this extra report, they’d be spending time and resources on something they’ve already got a good handle on. This is Microsoft’s way of telling shareholders, “Trust us, we’ve got this under control.”

Microsoft’s latest SEC filing:

Microstrategy – which, like Microsoft, is a technology company, but unlike Microsoft holds BTC on its balance sheet – has had its stock outperform Microsoft stock this year by 313% despite doing only a fraction of the business that Microsoft has. pic.twitter.com/hBA1AXVZ2w

— Bitcoin News (@BitcoinNewsCom) October 25, 2024

Shareholders will vote on the Bitcoin report soon. If they listen to Microsoft’s advice, they’ll vote “no,” and there won’t be a report. However, if enough people feel strongly about it, they could still push for it. Microsoft says they’re already carefully thinking about Bitcoin and other digital money, even without this report.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.