In a recent post by Alexander Leishman on X, it appears that Microsoft Corp (MSFT) may have begun the process of voting on a proposal concerning an investment in Bitcoin (BTC). The tech giant is reaching out to its shareholders to gauge their opinions on the prospect of allocating funds towards Bitcoin.
### Voting Options and Management Recommendations
Shareholders participating in the vote regarding Microsoft’s Bitcoin investment proposal have three choices: “I Support,” “I Do Not Support,” and “I Abstain.” Notably, the team responsible for this survey has indicated that the board of directors explicitly recommends the “I Do Not Support” option.
Just five days ago, Microsoft filed a document with the U.S. Securities and Exchange Commission (SEC), which unexpectedly included “Bitcoin Investment Evaluation” on the agenda for the annual shareholder meeting set for December 10.
### Details of the Potential Investment
According to Microsoft’s second-quarter revenue report for 2024, the company holds $76 billion in cash and cash equivalents. Should shareholders advocate for at least a 10% allocation to Bitcoin, this could result in a significant investment of approximately $7.6 billion. However, the proposal under consideration merely suggests examining Bitcoin investment for purposes of asset diversification, leaving any specific investment amount ambiguous.
At present, Bitcoin is priced at $71,745, and if an average price of $73,000 is considered, Microsoft could acquire around 104,109 BTC. This figure would be eleven times greater than the current Bitcoin holdings of Elon Musk’s Tesla.
Nevertheless, this proposed investment pales in comparison to MicroStrategy’s impressive reserve of 252,220 BTC. Given that over 80% of Bitcoin supply has remained stable over the past six months, acquiring up to 100,000 BTC could potentially trigger a supply shock.
While the implications of this potential acquisition remain uncertain for Microsoft, the ultimate decision rests in the hands of the shareholders. The cryptocurrency community is currently watching with great interest as Microsoft deliberates on the Bitcoin proposal.
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**Disclaimer:** The information presented in this article does not serve as investment advice. Investors should be aware that cryptocurrencies are highly volatile and come with significant risks, and should conduct their own thorough research.
