In a recent update from Alexander Leishman on X, it appears that Microsoft Corp (MSFT) is possibly moving forward with a vote concerning a Bitcoin (BTC) investment proposal. The tech giant is reaching out to its shareholders to gauge their opinions on the prospect of allocating resources to Bitcoin.
### Overview of Voting Options and Management’s Recommendations
In the voting process regarding Microsoft’s Bitcoin investment proposal, shareholders will have three options: “I Support,” “I Do Not Support,” and “I Abstain.” The survey team has advised that the board of directors explicitly endorses the “I Do Not Support” choice.
Just five days ago, Microsoft filed paperwork with the U.S. Securities and Exchange Commission (SEC). This filing unexpectedly included “Bitcoin Investment Evaluation” on the agenda for the upcoming annual shareholder meeting set for December 10.
### Insights Into the Potential Investment
As per Microsoft’s revenue report for the second quarter of 2024, the company holds $76 billion in cash and cash equivalents. Should shareholders advocate for a minimum 10% allocation toward Bitcoin, this could result in a notable investment of $7.6 billion. However, the proposal under consideration merely suggests exploring Bitcoin as a means of asset diversification, leaving the exact investment figure uncertain.
Currently, Bitcoin is priced at $71,745. If the average price were to reach $73,000, Microsoft could potentially purchase about 104,109 BTC. This amount would be significantly higher—approximately eleven times—than the current Bitcoin holdings of Elon Musk’s Tesla.
Nevertheless, this investment would still be less than MicroStrategy’s substantial reserve of 252,220 BTC. With over 80% of Bitcoin supply remaining stable over the past six months, acquiring up to 100,000 BTC could induce a supply shock in the market.
The final decision regarding this major investment rests in the hands of the shareholders. The crypto community is keenly anticipating Microsoft’s verdict on the Bitcoin proposal.
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**Disclaimer:** The information contained in this article does not constitute investment advice. Investors should note that cryptocurrencies are highly volatile and carry significant risks, and must undertake their own research.
