2024

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/microsoft-votes-on-bitcoin-funding-proposal" data-wpel-link="internal" rel="noopener noreferrer nofollow">Microsoft Votes on Bitcoin Funding Proposal</a><br></p>
<p style="text-align: justify">Microsoft Corp (MSFT) has reportedly initiated a shareholder vote concerning a proposal for investing in <a href="https://en.bitcoinhaber.net/bitcoin-faces-challenges-approaching-all-time-highs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/peter-brandt-predicts-bitcoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>). This move aims to gauge shareholder sentiment on potentially directing funds towards Bitcoin investments.</p>
<h2 id="what-are-the-voting-options-available">What Are the Voting Options Available?</h2>
<p style="text-align: justify">In this voting process, shareholders can select from three choices: “I Support,” “I Do Not Support,” and “I Abstain.” Notably, the board of directors has recommended shareholders opt for “I Do Not Support.”</p>
<h2 id="why-is-this-proposal-significant-for-microsoft">Why Is This Proposal Significant for Microsoft?</h2>
<p style="text-align: justify">Recently, Microsoft submitted a filing to the U.S. Securities and Exchange Commission (SEC) that introduced “Bitcoin Investment Evaluation” as a topic for discussion at the annual shareholder meeting set for December 10. This marks a critical moment for the tech giant as it explores asset diversification through Bitcoin.</p>
<p style="text-align: justify">Microsoft’s second-quarter revenue report for 2024 revealed that the company possesses $76 billion in cash reserves. If shareholders advocate for at least a 10% investment in Bitcoin, this could mean a potential investment of $7.6 billion. However, the proposal merely suggests assessing Bitcoin for diversification, leaving the exact investment figure open-ended.</p>
<ul>
 <li>Bitcoin is currently priced at $71,745, with a hypothetical average purchase price of $73,000 allowing the company to acquire about 104,109 BTC.</li>
 <li>This potential holding would exceed Tesla’s current Bitcoin stash by over eleven times.</li>
 <li>Still, it would be less than MicroStrategy’s substantial reserve of 252,220 BTC.</li>
 <li>Acquiring a significant amount of Bitcoin could trigger supply shocks, given that over 80% of Bitcoin supply has remained stable for six months.</li>
</ul>
<p style="text-align: justify">The outcome of this vote remains to be seen, as the ultimate decision rests with the shareholders. The crypto community watches closely for Microsoft’s final stance on this investment opportunity.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/microsoft-votes-on-bitcoin-funding-proposal" data-wpel-link="internal" rel="noopener noreferrer nofollow">Microsoft Votes on Bitcoin Funding Proposal</a></h5>

Microsoft Votes on Bitcoin Funding Proposal

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