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Technology giant Microsoft is set to conduct a shareholder vote regarding its investment in Bitcoin 
$103,214 this December. This decision arises despite the board’s recommendations against the investment.
Board’s Recommendation
In a recent filing with the U.S. Securities and Exchange Commission (SEC), Microsoft’s board advised shareholders to vote against the proposal to invest in Bitcoin, the most valuable cryptocurrency on the market.
“Microsoft’s teams are considering investing in assets for diversification and inflation protection to finance operations. Previously, Bitcoin and other cryptocurrencies were among the options, and we continue to monitor developments in this area.”
Supporters’ Viewpoint
Proponents argue that large corporations should diversify their portfolios to combat inflation. According to this view, companies should diversify their holdings with assets that appreciate in value more than bonds.
“As of March 2024, Microsoft’s total assets amount to $484 billion, mainly consisting of U.S. Treasury bonds and corporate bonds. These assets are struggling to keep up with inflation, making diversification crucial during inflationary periods.”
At the time of writing, Bitcoin is trading at around $66,799, having experienced a drop of over 2% in the last 24 hours. Microsoft’s decision regarding Bitcoin investment is seen as a significant move, considering the company’s investment strategies and market conditions. The shareholder vote will clarify the company’s stance on digital currencies.
