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Microsoft Shareholders Want It To Buy Bitcoin, Say MicroStrategy Shares Outperformed

Posted On October 25, 2024

Microsoft Corp. (NASDAQ:MSFT), with a market capitalization of over $3 trillion, disclosed it will vote for an assessment of investing in Bitcoin (CRYPTO: BTC) during the upcoming shareholders meeting in December.

What happened: In a Thursday filing with the SEC, the technology giant listed a line item “Assessment of Investing in Bitcoin” for a vote in the annual meeting on Dec. 10.

The submission stated that the Board advises voting against this plan.

The shareholders requested the board conduct the assessment, citing Bitcoin’s healthy gains—nearly 100% over the last year and 414% in the last five years. 

The proposal mentioned MicroStrategy Inc. (NASDAQ:MSTR), a technology company that holds a …

Full story available on Benzinga.com

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