Summary
- Microsoft shareholders are expected to vote on the 10th on a proposal to consider Bitcoin as a balance sheet asset.
- The board has expressed opposition, indicating that the proposal is unlikely to pass.
- CEO Michael Saylor claimed that Microsoft's BTC investment could create $4.9 trillion in value by 2034.
Microsoft shareholders are set to vote on whether to invest in Bitcoin (BTC) on the 10th (local time).
On the 10th (local time), U.S. investment media Benzinga reported, "Microsoft shareholders will vote on December 10 on a proposal to consider Bitcoin as a balance sheet asset." However, as the board has clearly expressed opposition, the proposal is expected to have a low chance of passing.
Previously, Michael Saylor, CEO of MicroStrategy, argued, "If Microsoft decides to invest in Bitcoin, it could create $4.9 trillion in value by 2034," adding, "Investing cash, dividends, etc., in Bitcoin can increase corporate growth rates while reducing investor risk."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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