Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC.
On Oct. 24, a filing by Microsoft Corp. (MSFT) with the United States Securities and Exchange Commission (SEC) revealed an unexpected item on the agenda for its upcoming annual shareholder meeting on Dec. 10.
Alongside routine votes—such as the election of directors, the ratification of its independent auditor, and reports on AI misinformation—one proposal stood out: an "Assessment of Investment in Bitcoin." Interestingly, Microsoft's board recommended shareholders vote against it.
As of its second-quarter 2024 financial report, Microsoft held $76 billion in cash and equivalents. If shareholders pushed the company to allocate even 10% of that to Bitcoin, it would represent a massive $7.6 billion investment.
