Microsoft plans to put to a shareholder vote the issue of a public assessment of the possibility of investing in bitcoin. This is stated in a proposal to the US Securities Exchange Commission (SEC) dated October 24, put forward by the National Center for Public Policy Research (NCPPR). The document emphasizes the strategy of MicroStrategy, which invests in BTC and this year outperformed Microsoft’s profitability by 313%. In addition, the cryptocurrency grew by 99.7% over the year, outperforming corporate bonds by 94%. Therefore, the tech giant was recommended to invest at least 1% of its assets in bitcoin. The NCPPR also noted that corporate investments in cryptocurrencies have become «widespread» thanks to the emergence of spot bitcoin ETFs. The proposal, titled «Bitcoin Investment Assessment», will be considered on December 10.
In addition, Microsoft was urged to evaluate bitcoin as a «diversification» strategy: The NCPPR called this cryptocurrency the best hedge
Microsoft currently holds $484 billion, mostly in government securities and corporate bonds, which barely keep pace with inflation. Its capitalization is $3.157 trillion.
At the time of writing, MicroStrategy Incorporated (MSTR)’s share price is $235.89, and Microsoft Corporation (MSFT)’s is $424.73. MicroStrategy’s market capitalization is $43.35 billion.
Michael Saylor, co-founder of MicroStrategy has more than $1 billion in bitcoin (about 17,857 BTC). As of August 2024, his company owns 252,220 BTC, making it the largest corporate bitcoin holder in the world.
Source: SEC