As a seasoned crypto investor with a decade-long experience under my belt, I find Microsoft’s stance on Bitcoin intriguing yet puzzling. Having witnessed the meteoric rise of cryptocurrencies and their potential to revolutionize finance, I can’t help but question their decision to dismiss an assessment of Bitcoin as an investment option.
As a crypto investor, I find it intriguing that Microsoft recommends its shareholders to reject a proposition calling for an evaluation of Bitcoin as a potential investment asset. This is because Microsoft itself has already deemed Bitcoin as a viable investment opportunity.
In a U.S Securities and Exchange Commission filing dated October 24th, it’s revealed that Microsoft shareholders will be presented with a proposal titled “Assessment of Investing in Bitcoin” for a vote during their annual meeting on December 10th. Notably, the Microsoft board advises its shareholders to reject this proposal.
Microsoft argues that there’s no need for an evaluation of Bitcoin (BTC), as they have already thoroughly examined and given thought to this matter.
Previous assessments have taken Bitcoin and various other digital currencies into account as potential choices, and Microsoft remains vigilant about tracking crypto market movements and advancements to guide their future strategic planning, as stated in their response to the suggestion.
As a crypto investor, I’ve been intrigued by the suggestion put forth by the National Center for Public Policy Research. They point to MicroStrategy’s strategic investment in Bitcoin as a key factor in the technology firm’s impressive stock performance this year. Remarkably, even though MicroStrategy has only a fraction of the business that Microsoft does, its stock has outperformed Microsoft’s by more than 300%! This certainly piques my curiosity and makes me wonder about the potential benefits of strategic Bitcoin investments.
Additionally, it was noted that an increasing number of businesses are integrating Bitcoin into their investment strategies. Notably, BlackRock, one of Microsoft’s major shareholders, has recently introduced Bitcoin-based exchange-traded funds this year.
According to the NCPPR, Bitcoin serves as a top-notch or perhaps unrivaled safeguard against inflation. Furthermore, they suggest that corporate bond returns are lower than the actual inflation rate, implying that companies might endanger shareholder value by overlooking Bitcoin entirely.
Furthermore, they proposed that at a minimum, corporations such as Microsoft might want to examine the potential advantages of allocating a small portion, around 1%, of their assets to Bitcoin (BTC).
Despite the uncertainty about whether Microsoft intends to buy Bitcoin soon, it’s worth noting that this tech company allowed Bitcoin transactions for its online Xbox store from 2014 to 2018.
By September 2023, it appears that a document leaked to Axios hinted at Microsoft’s potential inclusion of cryptocurrency wallets in their upcoming Xbox console, which might be released in 2028. However, since the document was from May 2022 and the new update is still years away, this information may yet undergo modification.
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2024-10-25 09:52