Microsoft is planning to put a shareholder vote on the table regarding a public assessment of the possibility of investing in Bitcoin. This was stated in a proposal to the U.S. Securities and Exchange Commission (SEC) on October 24, submitted by the National Center for Public Policy Research (NCPPR). The document highlights the strategy of MicroStrategy, which has invested in BTC and has outperformed Microsoft by 313% in earnings this year. Additionally, over the past year, the cryptocurrency has increased by 99.7%, surpassing corporate bonds by 94%. Therefore, the tech giant was recommended to invest at least 1% of its assets in Bitcoin. The NCPPR also noted that corporate investments in cryptocurrency have become "common" due to the emergence of spot Bitcoin ETFs. The proposal titled "Assessment of Investment in Bitcoin" will be reviewed on December 10.
Furthermore, Microsoft was urged to consider Bitcoin as a "diversification" strategy: the NCPPR described this cryptocurrency as "the best hedge
Hedging is the practice of taking a position in one market to offset the risks associated with price movements in another market. against inflation”.
Currently, Microsoft holds $484 billion, predominantly in government securities and corporate bonds, which barely keep pace with inflation. Its market capitalization is $3.157 trillion.
The current stock price for MicroStrategy Incorporated (MSTR) stands at $235.89, while Microsoft Corporation (MSFT) is at $424.73. The market capitalization of MicroStrategy is $43.35 billion.
Co-founder of MicroStrategy, Michael Saylor, possesses over $1 billion in Bitcoin (approximately 17,857 BTC). As of August 2024, his company owns 252,220 BTC, making it the largest corporate holder of Bitcoin in the world.
Source: SEC
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