Originally published on: October 24, 2024
In an interesting turn of events, Microsoft shareholders are gearing up to vote on whether the tech giant should dive into the world of Bitcoin. A recent filing with the United States securities regulator has shed light on this upcoming decision, which is scheduled for a meeting on December 10th.
The proposal, titled “Assessment of Investing in Bitcoin,” has been put forth by the National Center for Public Policy Research (NCPPR). This move comes in the wake of business intelligence firm MicroStrategy’s successful Bitcoin investment strategy, which has reportedly outperformed Microsoft by over 300% this year.
While some argue that Bitcoin’s volatility poses risks, others believe that it could be a valuable hedge against inflation and corporate bond yields. The NCPPR is advocating for companies to consider allocating a portion of their assets to Bitcoin, even as little as 1%.
Despite the exciting prospect of Microsoft delving into Bitcoin, the company has historically been more focused on artificial intelligence technology than blockchain. However, it did accept Bitcoin payments at its online Xbox store from 2014 to 2018.
As the deadline for the vote approaches, the crypto community eagerly anticipates Microsoft’s decision on whether to explore investments in Bitcoin. While the future remains uncertain, the potential implications of this move are vast.
Stay tuned for more updates on this developing story and other exciting news from the world of cryptocurrency. Don’t miss out on valuable insights and opportunities by subscribing to our Crypto Biz newsletter today!