TheNationalCenterforPublicPolicyResearch,aconservativethinktank,hasnotifiedshareholdersofMicrosoftthatitintendstoproposeaBitcoinDiversificationAssessmentatthecompany’sannualmeetingonDec.10,afilingshows.
InaScheduleAfilingwiththeU.S.SecuritiesandExchangeCommissiononThursday,Microsoftlaidoutissuesthatwillbediscussedatthecompany’snextshareholdermeeting.Oneoftheproposalssuggeststhatthetechfirmshouldlookintobitcointohedgeagainstinflationandothermacroeconomicinfluences.
Theboardrecommendsshareholderstovoteagainstthisproposal,thefilingreveals,arguingthatMicrosoftalready“carefullyconsidersthistopic.”
“PastevaluationshaveincludedBitcoinandothercryptocurrenciesamongtheoptionsconsidered,andMicrosoftcontinuestomonitortrendsanddevelopmentsrelatedtocryptocurrenciestoinformfuturedecisionmaking,”accordingtoacompanystatementinoppositionoftheproposal.
“Astheproposalitselfnotes,volatilityisafactortoconsiderinevaluatingcryptocurrencyinvestmentsforcorporatetreasuryapplicationsthatrequirestableandpredictableinvestmentstoensureliquidityandoperationalfunding.Microsofthasstrongandappropriateprocessesinplacetomanageanddiversifyitscorporatetreasuryforthelong-termbenefitofshareholdersandthisrequestedpublicassessmentisunwarranted,”itsaid.
TheNationalCenterforPublicResearch,amemberofProject2025arguedthatbitcoinisan“excellent,ifnotthebest,hedgeagainstinflation,”andthatatminimum,companiesshouldinvest1%ofitstotalassetsintothecryptocurrency.
Microsoft’stopshareholdersincludeVanguard,BlackRockandStateStreet.
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