Key Takeaways
- Microsoft shareholders will vote in December on whether the company should publicly assess investing in Bitcoin.
- The Microsoft board advises against the proposal, stating they already assess diverse investible assets, including Bitcoin.
- The National Center for Public Policy Research argues Bitcoin could offer inflation protection and outperform traditional assets.
Microsoft Shareholders to Vote on Bitcoin Investment Proposal
Microsoft shareholders are set to vote in December on a proposal to consider Bitcoin as a potential asset for its balance sheet.
This proposal is part of Microsoft’s filings with the United States Securities and Exchange Commission (SEC) and is set for a December 10 meeting.
The proposed assessment, titled 'Assessment of Investing in Bitcoin', was introduced by the National Center for Public Policy Research (NCPPR).
Board Recommends Voting Against the Proposal
Microsoft’s board has advised shareholders to vote against the Bitcoin assessment proposal, citing its current asset evaluation practices.
Microsoft’s board asserts that they already 'evaluate a wide range of investible assets', including Bitcoin.
The board’s recommendation, listed in Item 5 of the filing, aligns with Microsoft’s investment focus on artificial intelligence rather than Bitcoin.
Arguments in Support of Bitcoin Investment
The NCPPR, a self-described conservative think tank, emphasized Bitcoin’s potential as a hedge against inflation and corporate bond yields.
The research center referenced MicroStrategy’s Bitcoin strategy, which outperformed Microsoft’s market growth by over 300% in 2024.
They argue that even minimal Bitcoin holdings, as low as 1% of Microsoft’s assets, could benefit the company.
NCPPR also cited the growing corporate adoption of Bitcoin through institutional investments and exchange-traded funds.
