As of the article’s preparation, the price of Bitcoin (BTC) 
$98,581 reached $68,555 and continues to rise. A new attempt at a peak is a topic of curiosity. This surge is triggered by a shareholder vote scheduled for December 10. What is happening?
Bitcoin and Microsoft
On December 10, Microsoft will hold a shareholder meeting where certain agenda items will be voted on. For instance, twelve candidates have been designated for inclusion in the board of directors, and shareholders will vote for one of them. One of the agenda items for voting involves assessing the company’s potential investment in Bitcoin.
Board’s Position on Bitcoin Investment
The board recommends shareholders vote “against” the proposal for assessing Bitcoin investment by the advisory board of Project 2025. The board indicates it is already evaluating various assets for investment, including Bitcoin, making the proposal unnecessary.
“This proposal requests the board to make an unnecessary evaluation, as Microsoft management is already carefully considering this issue. Microsoft’s Global Treasury and Investment Services team is evaluating a wide range of investable assets to finance its ongoing investments.
Microsoft continues to monitor trends and developments related to cryptocurrencies to guide future decision-making processes. As stated in the proposal itself, volatility is a factor to consider when evaluating cryptocurrency investments for corporate treasury.
In conclusion, the shareholder request for this public evaluation is unnecessary.”
