Microsoft Weighs Bitcoin Investment via Shareholder Vote

According to Alexander Leishman’s post on X, Microsoft Corp (MSFT) may have initiated a vote regarding a Bitcoin (BTC)


$
72,212
investment proposal. The technology firm is engaging its shareholders to determine their stance on potentially allocating funds to Bitcoin.
Contents
Voting Options and Management Recommendations
Details of the Potential Investment
Voting Options and Management Recommendations
In the voting for Microsoft’s Bitcoin investment proposal, shareholders can choose from “I Support,” “I Do Not Support,” and “I Abstain.” The team behind the survey has indicated that the board of directors explicitly recommends the “I Do Not Support” option.
Five days ago, Microsoft submitted a document to the U.S. Securities and Exchange Commission (
SEC
). This filing unexpectedly included “Bitcoin Investment Evaluation” on the agenda for the annual shareholder meeting scheduled for December 10.
Details of the Potential Investment
According to Microsoft’s second-quarter revenue report for 2024, the company has $76 billion in cash and cash equivalents. If shareholders demand at least a 10% allocation to Bitcoin, this could translate into a substantial investment of $7.6 billion. However, the proposal to be voted on merely suggests researching Bitcoin investment for asset diversification, making any specific investment amount uncertain.
Currently, Bitcoin’s price stands at $71,745, and if the average price is set at $73,000, the tech company could acquire approximately 104,109 BTC. This amount would be eleven times more than Elon Musk’s Tesla’s current Bitcoin holdings.
However, compared to MicroStrategy’s reserve of 252,220 BTC, this investment would fall short. Given that over 80% of Bitcoin has remained stable in the past six months, acquiring up to 100,000 BTC could cause a supply shock.
While the outcome of this significant acquisition remains uncertain for Microsoft, the decision-making power lies with the shareholders. The
crypto
ecosystem is currently eagerly awaiting Microsoft’s decision regarding the Bitcoin proposal.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.