Everyone has BTC – I have it too! This is probably the assumption made by Microsoft shareholders who demand that the corporation invest in digital gold. The growing interest in bitcoin among business sharks means that even shareholders of companies such as Microsoft are feeling bitcoin fever.
Microsoft at a crossroads – will the corporation invest in the cryptocurrency market?
According to the information contained in the latest filing with the US Securities and Exchange Commission (SEC), the company’s potential investment in Bitcoin will be discussed at Microsoft’s annual shareholder meeting on December 9. The proposal, described as a “Bitcoin investment assessment,” highlights that shareholders are continuing to press management to consider entering the cryptocurrency market.
Although Microsoft once enabled Bitcoin payments in its online stores, it has not yet included this cryptocurrency on its balance sheet, as some of its competitors have done. MicroStrategy – a company offering data analysis tools – started collecting BTC in 2020. Since then, becoming the largest corporate holder of the cryptocurrency, its stock has reached an impressive 252,220 Bitcoins, now worth approximately $17 billion. The MicroStrategy example showed that investing in Bitcoin can have a positive impact on the stock price, especially when the BTC price increases.
However, despite MicroStrategy’s success, most U.S. technology companies remain cautious. Microsoft’s management board recommended voting against investing in Bitcoin, emphasizing that the company is already analyzing the topic of cryptocurrencies. Nevertheless, the growing interest of shareholders may put pressure on the company, which may be forced to take more decisive actions in this area. If Microsoft decided to take such a step, it would join a small group of American public corporations that have considered Bitcoin as part of their financial strategy.
Why is Microsoft so hesitant?
For many investors, Microsoft’s move could prove groundbreaking. Such a large technology player with global influence would certainly give cryptocurrencies even greater credibility in the financial world. At the same time, this decision could be a signal to other corporations that it is worth considering Bitcoin in their financial strategy as a hedge against inflation and asset diversification.
However, everything indicates that the shareholders’ wishes will remain only a cryptocurrency wish. Regardless of the voting result, the mere appearance of this item on the agenda shows that cryptocurrencies are becoming a topic that even tech giants can no longer ignore.
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