Summary
- The Dell board officially rejected the proposal by 'NCPPR' to include Bitcoin as a financial asset.
- NCPPR emphasized Bitcoin as a hedge against inflation and proposed its inclusion as a financial asset.
- Dell argued that the decision to hold Bitcoin could infringe on the autonomy of asset management and cash management by the management, thus rejecting the proposal.
Dell, one of the major tech companies in the US, has rejected the proposal to incorporate Bitcoin (BTC) as a financial asset.
According to documents submitted by Dell to the Securities and Exchange Commission (SEC) on the 12th (local time), the Dell board officially rejected the proposal by the National Center for Public Policy Research (NCPPR) to include Bitcoin as a financial asset.
NCPPR had previously proposed through a shareholder proposal that Dell add Bitcoin as a financial asset. In the proposal, NCPPR stated, "Bitcoin is a better store of value than bonds or cash in terms of long-term profitability and as a hedge against inflation," and requested that Dell evaluate incorporating Bitcoin as a financial asset.
However, Dell stated regarding the proposal, "The decision to hold Bitcoin is a business operation-related judgment and should be independently decided by the board," adding, "Excessive intervention in asset management and cash management by the management infringes on the autonomy of the management and the board," thus rejecting the proposal.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
