Microsoft (MSFT) Shareholder Meeting to Address Bitcoin (BTC) Investment Proposal

Microsoft's upcoming shareholder meeting on the 10th of December is set to capture significant attention. A notable proposal for the tech giant to explore Bitcoin [BTC] investments will be a part of the meeting's agenda.

Microsoft’s upcoming shareholder meeting on December 10 will feature a proposal to explore Bitcoin [BTC] investments. The proposal, filed with the U.S. Securities and Exchange Commission (SEC), suggests that Microsoft consider allocating a portion of its assets to BTC as a hedge against inflation and broader economic shifts.

However, Microsoft’s board has advised a vote against this proposal, stating that the company has already given careful consideration to such strategies.

According to a company statement opposing the proposal, Microsoft highlighted its past evaluations of Bitcoin and other cryptocurrencies in considering strategies to deploy its assets. The statement also noted that Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decision making.

The proposal, which was initiated by the National Center for Public Policy Research (NCPPR), points out that MicroStrategy’s approach to Bitcoin investments, despite operating on a smaller scale than Microsoft, outperformed Microsoft’s stock by over 300% in the past year.

The NCPPR also highlighted the growing trend of institutional and corporate interest in BTC, including through spot Bitcoin ETFs, and argues that, although Bitcoin remains volatile, it could act as a potential hedge against inflation and declining corporate bond yields.

“At minimum, companies should evaluate the benefits of holding some, even just 1% of its assets in Bitcoin,” the proposal reads.

Top Bitcoin Holders and Their Impact on the Market

The institutional holdings of BTC have grown significantly over time, with top holders including Satoshi Nakamoto, Binance, BlackRock, Grayscale, and MicroStrategy continuing to increase their stakes in the leading cryptocurrency.

The race to secure Bitcoin has reached a point where BTC ETFs are now approaching the total holdings attributed to Nakamoto, as highlighted by Bloomberg ETF analyst Eric Balchunas.

MicroStrategy’s strategy has inspired entities like Japan’s Metaplanet to raise 10 billion Yen through a fresh stock issuance as part of its 11th series of Stock Acquisition Rights.

Tesla’s Q3 report also reveals its status as the fourth-largest BTC holder among U.S.-listed firms, trailing behind MicroStrategy, Marathon Digital Holdings, and Riot Platforms.

Meanwhile, SpaceX's 8,285 BTC, valued at roughly $560 million, positions it as the seventh-largest private Bitcoin holder.

As of October 25, BTC was trading at $67,576.65, up 1.02% in the past 24 hours, according to CoinMarketCap.

In contrast, Microsoft (MSFT) shares saw minimal movement, closing at $424.7 on October 24 with a slight uptick of 0.03%, as reported by Google Finance. By October 25, MSFT shares had edged up further to $424.73, up 0.13%.