Originally published on: November 05, 2024
Microsoft is facing a potential shareholder lawsuit if it chooses not to invest in Bitcoin and its value continues to rise, as per the National Center for Public Policy Research (NCPPR). Shareholders will vote in December on whether Microsoft should explore investing in Bitcoin, with NCPPR pushing the proposal.
Ethan Peck from NCPPR’s Free Enterprise Project pointed out that if Microsoft opts out of Bitcoin investment after the assessment and prices soar, shareholders may have grounds for legal action against the company. Microsoft’s board is against the proposal, claiming they already consider a variety of investment options, including Bitcoin.
Even if the proposal fails, NCPPR believes it has initiated an important conversation between Microsoft and its shareholders, potentially setting the stage for a stronger proposal in the future. The research center referenced MicroStrategy’s successful Bitcoin investment strategy to underline the potential benefits for Microsoft.
As institutional and corporate adoption of Bitcoin continues to grow, with the rise of spot Bitcoin exchange-traded funds, the investment landscape is evolving rapidly. Despite a recent dip in value, with Bitcoin currently trading at $67,035, its long-term upward trajectory remains strong.
NCPPR’s call for Microsoft to consider Bitcoin investment reflects the changing dynamics of the market and the need for companies to adapt to the evolving financial landscape. Don’t miss out on crucial insights to enhance your investment strategies- subscribe to the Markets Outlook newsletter today!
