Microsoft Asks Shareholders to Vote Against Investing at Bitcoin: SEC Filing

Software program big Microsoft will maintain a shareholders assembly subsequent month—and Bitcoin is on the agenda.

Microsoft (NASDAQ: MSFT) could have its annual shareholders assembly on December 9 and people who are invested within the firm will vote on plenty of objects, according to a Thursday submitting by the Securities and Trade Fee.

One of many proposals up for a vote is the “Evaluation of investing in Bitcoin,” with the board recommending shareholders vote towards it.

It is not clear whether or not the merchandise refers to Microsoft placing Bitcoin, the business’s largest crypto, on its stability sheet. Microsoft didn’t instantly reply to Decrypt‘s request for remark.

The submitting additionally notes that “Microsoft’s administration already rigorously considers this matter.”

Microsoft is among the world’s largest software program corporations and accepts Bitcoin from clients who’re purchasing on-line at its Home windows and Xbox shops.

If Microsoft does spend money on Bitcoin, will probably be one of many uncommon U.S. corporations to take action.

MicroStrategy, a software program firm that sells data-analyzing options,  started buying Bitcoin again in 2020.

The Tyson, Virginia-based agency is now the most important company holder of the crypto. With 252,220 Bitcoin, at present valued at $17 billion in reserves, its stock has surged this 12 months alongside a rising Bitcoin value.

Regardless of its success for shareholders, many public tech corporations have but to observe go well with.

Edited by Sebastian Sinclair