Software giant Microsoft is scheduled to hold a general meeting of shareholders next month, and Bitcoin will be on the agenda.
Microsoft (NASDAQ: MSFT) will hold its annual shareholder meeting on Dec. 9, and shareholders who have invested in the company will vote on a number of proposals, according to a filing Thursday with the Securities and Exchange Commission. .
One of the proposals up for vote is “Evaluation of Investments in Bitcoin,” and the board is recommending that shareholders vote against it.
It's unclear whether this item refers to Microsoft having Bitcoin, the industry's largest cryptocurrency, on its balance sheet. Microsoft did not immediately respond. decryptionThis is a comment request from .
The filing also notes that “Microsoft management has already carefully considered this matter.”
Microsoft is one of the world's largest software companies and accepts Bitcoin from customers shopping online at the Windows Store and Xbox Store.
If Microsoft were to invest in Bitcoin, it would be one of the few U.S. companies to do so.
MicroStrategy, a software company that sells data analytics solutions, began purchasing Bitcoin in 2020.
The Tyson, Virginia-based company is now the largest corporate holder of the cryptocurrency. It currently holds 252,220 Bitcoins in reserves worth $17 billion, and its stock has soared this year as Bitcoin prices have risen.
Despite the success for shareholders, many publicly traded technology companies have yet to follow suit.
Edited by Sebastian Sinclair
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