Microsoft's shareholders are preparing for a pivotal decision on December 10 regarding the company’s potential investment in Bitcoin.
Despite Bitcoin’s meteoric rise, fueled by growing institutional interest and public endorsements from high-profile figures, Microsoft’s board remains cautious. The proposal, submitted by a think tank advocating Bitcoin as a hedge against inflation, faces significant resistance from the board, which cites existing investment strategies and the speculative nature of Bitcoin.
The vote will determine whether Microsoft adds Bitcoin to its balance sheet, marking a crucial moment for both the company and the broader cryptocurrency market. While proponents of the move believe it could solidify Bitcoin’s standing as a mainstream financial asset, skeptics, including Microsoft co-founder Bill Gates, argue against its intrinsic value. Gates’ reservations echo broader criticisms that Bitcoin’s volatility undermines its appeal as a stable investment.
This decision comes as companies like MicroStrategy and nations like El Salvador continue to reap substantial gains from their Bitcoin holdings. MicroStrategy, for example, holds the largest corporate Bitcoin reserve, demonstrating unwavering confidence in the asset despite market fluctuations.
Critics, however, warn of Bitcoin’s speculative risks, with figures like Peter Schiff maintaining their skepticism. In contrast, supporters such as Robert Kiyosaki highlight Bitcoin’s potential to outperform traditional assets like gold and silver.
If Microsoft declines the proposal, it would signal a refusal to follow in the footsteps of other corporations embracing Bitcoin. A rejection could also reinforce lingering doubts among institutional investors, while an approval might bolster Bitcoin’s reputation and drive further adoption.
Strategy Inc. (NASDAQ: MSTR) has announced the launch of its fourth perpetual preferred stock offering, marking a new phase in the company’s ongoing efforts to expand its Bitcoin treasury holdings.
BitGo Holdings, Inc. has taken a key step toward becoming a publicly traded company by confidentially submitting a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC).
According to new data shared by Bitcoin Magazine Pro, publicly traded companies now collectively hold over 844,822 BTC, valued at more than $100.5 billion, marking a historic milestone for institutional Bitcoin adoption.
Trump Media and Technology Group, the parent company of Truth Social, Truth+, and Truth.Fi, has officially disclosed that it now holds approximately $2 billion in Bitcoin and Bitcoin-related securities.