Microsoft urges shareholders to vote against investing in Bitcoin US Securities and Exchange Commission filing

CoinWorld.com reports:
Software giant Microsoft will hold its shareholders’ meeting next month, with Bitcoin being included on the agenda.
Microsoft (NASDAQ: MSFT) will hold its annual shareholders’ meeting on December 9th, where investors in the company will vote on several proposals, according to a filing submitted by the U.S. Securities and Exchange Commission on Thursday.
One of the proposals to be voted on is the “Bitcoin investment assessment,” with the board of directors recommending shareholders to vote against it.
It is currently unclear whether this proposal refers to Microsoft including the largest cryptocurrency, Bitcoin, on its balance sheet. Microsoft did not immediately respond to a request for comment on this matter.
The filing also stated, “Microsoft management has carefully considered this issue.”
Microsoft is one of the world’s largest software companies and accepts Bitcoin from customers who shop online in its Windows and Xbox stores.
If Microsoft does indeed invest in Bitcoin, it will be one of the few U.S. companies to do so.
MicroStrategy, a software company that sells data analytics solutions, began purchasing Bitcoin back in 2020.
Based in Tyson, Virginia, the company is now the largest corporate holder of cryptocurrency, with a reserve of 252,220 Bitcoins currently valued at $17 billion, as the price of Bitcoin has surged this year.
While it has brought success to its shareholders, many publicly listed tech companies have yet to follow suit.
Edited by Sebastian Sinclair.