Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Microsoft Schedules December Shareholder Vote on Possibility of Investing in Bitcoin, Board Recommends Against It
    Investments

    Microsoft Schedules December Shareholder Vote on Possibility of Investing in Bitcoin, Board Recommends Against It

    October 26, 20243 Mins Read


    Tech giant Microsoft is scheduling a shareholder vote in December on the prospect of investing in Bitcoin (BTC) despite recommendations against it.

    In a new filing with the U.S. Securities and Exchange Commission (SEC), Microsoft’s board of directors recommends voting against considering the idea of investing in the top crypto asset by market cap.

    In an official statement, the board notes that the proposal itself is unnecessary because the firm’s management team has already carefully taken into consideration whether they should invest in the crypto king or not.

    “Microsoft’s [teams] evaluate a wide range of investable assets to fund Microsoft’s ongoing operations, including assets expected to provide diversification and inflation protection, and to mitigate the risk of significant economic loss from rising interest rates.

    Past evaluations have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decision-making.

    As the proposal itself notes, volatility is a factor to consider in evaluating cryptocurrency investments for corporate treasury applications that require stable and predictable investments to ensure liquidity and operational funding.”

    The board goes on to say that since the matter has already been looked into, asking shareholders to vote on the subject is “unwarranted.”

    In a different statement, proponents of the idea say that large corporations should be looking to diversifying their portfolios as a means of combating inflation.

    “As of March 31, 2024, Microsoft Corporation has $484 billion in total assets, the plurality of which are US government securities and corporate bonds that barely outpace inflation (if assuming that the CPI is accurate, which it isn’t, so bond yields are actually lower than the true inflation rate).

    Therefore, in inflationary times like these, corporations should – and perhaps have a fiduciary duty to – consider diversifying their balance sheets with assets that appreciate more than bonds, even if those assets are more volatile short-term.”

    Bitcoin is trading for $66,799 at time of writing, down over 2% during the last 24 hours.

    Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

    Check Price Action

    Follow us on X, Facebook and Telegram

    Surf The Daily Hodl Mix

    &nbsp

    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: Midjourney





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    I have a £900,000 pension pot, how much income will I be able to get in retirement?

    Investments

    Hochul blames ‘lack of investments’ for MTA’s hellish service meltdowns, even as bloated transit agency eyes fare hike to $3

    Investments

    UFC icon Dustin Poirier confirms new career post-retirement

    Investments

    Travis Kelce stuns NFL fans with telling transformation that hints retirement could be closer than ever

    Investments

    Why finding the right property manager is a must

    Investments

    Should UK-based clients still own US government bonds? 

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Not All Landlords Are Older

    Commodities

    VPPs are transforming energy markets in the U.S.

    Stock Market

    OFS Capital: The Dividend Needs To Be Reduced (NASDAQ:OFS)

    Editors Picks

    Nigeria’s SEC to Reinforce Fintech Regulations to Protect Investors

    October 11, 2024

    En Suisse, les raffineries d’or tournent à plein régime

    April 28, 2025

    Latest Market News Today Live Updates July 12, 2024: Top Gainers and Losers today on 12 July, 2024: Tata Consultancy Services, Wipro, Maruti Suzuki India, Divis Laboratories among most active stocks; Check full list here

    July 12, 2024

    Top 15 Dividend Stocks to Buy Now

    January 21, 2025
    What's Hot

    finalisation de l’acquisition d’une participation majoritaire dans l’opérateur Aquardens

    June 2, 2025

    Money Forward reports Q3 results. Money Forward, a Japanese financial… | by Norbert Gehrke | Tokyo FinTech | Oct, 2024

    October 20, 2024

    Andean Silver sollicite une suspension de cotation en attente d’une annonce sur une levée de fonds

    July 15, 2025
    Our Picks

    City of Branson considering rules for data centers and cryptocurrency mining

    July 30, 2024

    10 High-Paying Dividend Stocks In The S&P 500 To Buy In 2025

    February 16, 2025

    Top Two Coins In The Queue To Surge 200% In September

    August 26, 2024
    Weekly Top

    Zuma Agricultural Harvest Festival begins 2025 planting season

    August 2, 2025

    Meet the 75p dividend stock with a higher yield than Legal & General shares

    August 1, 2025

    Singapore High Court rules that property ‘decoupling’ is illegal if done solely to avoid taxes

    August 1, 2025
    Editor's Pick

    How Motley Fool Money Rates Cryptocurrency Exchanges

    March 4, 2025

    GDI Property Group annonce que la vente de sa propriété en Australie-Occidentale est désormais inconditionnelle

    June 5, 2025

    The rising popularity of bitcoin in the Netherlands

    July 23, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.