Microsoft mulls bitcoin investment proposal in Dec. meeting

Microsoft, valued at over $3 trillion, faces a proposal to assess bitcoin investment in its December annual meeting, following a filing with the US Securities and Exchange Commission (SEC).

The proposal, initiated by the conservative National Centre for Public Policy Research, describes bitcoin as a “hedge against inflation.”

Despite shareholder eligibility to vote, Microsoft’s Board recommends against the move, citing past evaluations of cryptocurrency options and the importance of stability for corporate treasury assets.

“Microsoft has strong and appropriate processes in place to manage and diversify its corporate treasury,” the company stated, underscoring the proposal’s lack of necessity.

Meanwhile, MicroStrategy CEO Michael Saylor, an advocate for corporate bitcoin holdings, encouraged Microsoft CEO Satya Nadella to consult him on the matter.