Microsoft is voting this December on whether it should invest in Bitcoin, according to a new SEC filing revealed by financial analyst MacroScope. Although Microsoft's board recommends shareholders to vote against the proposal, the company is urging shareholders to do so because their management "already carefully considers this topic." If Microsoft were to invest in Bitcoin, it would be a significant milestone for the cryptocurrency, as Microsoft is the third largest company in the world by market capitalization. While it is uncertain whether this will happen, Michael Saylor, CEO of MicroStrategy, has reached out to Microsoft's Chairman and CEO to discuss the possibility. Microsoft may choose to invest in Bitcoin through purchasing shares of Bitcoin ETFs rather than holding actual BTC on their balance sheet. However, it is clear that Bitcoin has become too large to ignore for even the largest companies in the world.
- Content Editor ( bitcoinmagazine.com )
- 2024-10-25
If Microsoft Invests in Bitcoin It Will Be Likely Via Spot ETFs