Key Points
- Microsoft’s board advises against a proposal for Bitcoin investment at the upcoming shareholder meeting.
- Institutional Bitcoin holdings continue to grow, with MicroStrategy and Bitcoin ETFs among the top holders.
Microsoft’s board meeting scheduled for the 10th of December is expected to draw significant attention.
One of the main topics of discussion will be a proposal for the tech giant to consider investing in Bitcoin (BTC).
Microsoft’s Stance on Bitcoin Investment
The U.S. Securities and Exchange Commission (SEC) recently received a filing stating that Microsoft’s board and shareholders will address several key issues at the meeting.
These include the suggestion to adopt Bitcoin as a hedge against inflation and broader economic shifts.
However, Microsoft’s board has recommended voting against this proposal, as the company has already considered such strategies.
The company statement against the proposal highlighted that Microsoft has previously evaluated Bitcoin and other cryptocurrencies and continues to monitor trends and developments related to cryptocurrencies.
Proposal’s Origin and Institutional Interest in Bitcoin
The National Center for Public Policy Research (NCPPR) initiated this proposal.
It pointed out that MicroStrategy’s Bitcoin investment strategy has outperformed Microsoft’s stock by over 300% in the past year, despite MicroStrategy’s smaller scale.
The NCPPR also noted the increasing trend of institutional and corporate interest in Bitcoin, including through Bitcoin ETFs.
Institutional holdings of Bitcoin have grown significantly, with major players like Satoshi Nakamoto, Binance, BlackRock, Grayscale, and MicroStrategy all consistently increasing their stakes in the leading cryptocurrency.
Bitcoin’s Top Holders
The competition to secure Bitcoin has become intense, with Bitcoin ETFs nearing the total holdings attributed to Nakamoto.
MicroStrategy’s aggressive Bitcoin acquisition strategy has inspired entities such as Japan’s Metaplanet, which recently raised 10 billion Yen through a fresh stock issuance.
Tesla’s Q3 report highlighted its role as the fourth-largest Bitcoin holder among U.S.-listed firms, following MicroStrategy, Marathon Digital Holdings, and Riot Platforms.
Additionally, SpaceX’s 8,285 Bitcoin—valued at approximately $560 million—establishes it as the seventh-largest private Bitcoin holder.
On the 25th of October, Bitcoin was trading at $67,576.65, showing a 1.02% increase over the past 24 hours.
In contrast, Microsoft (MSFT) shares closed at $424.7 on the 24th of October with a slight uptick of 0.03%.
By the 25th of October, MSFT shares had risen slightly further to $424.73, marking a modest 0.13% increase.