Technology giant Microsoft launched Bitcoin in December 
$67,091 plans to hold a shareholder vote regarding its investment. This step was taken despite the board’s anti-investment recommendations.
Recommendation of the Board of Directors
In a new filing with the U.S. Securities and Exchange Commission (SEC), Microsoft’s board of directors recommended voting against a proposal to invest in Bitcoin, the highest-valued crypto asset on the market.
“Microsoft’s teams are considering investing in assets for diversification and inflation protection to fund operations. Bitcoin and other cryptocurrencies were also among the options before, and we continue to follow the developments in this area.”
Supporters’ Opinion
Proponents of the idea argue that large companies should fight inflation by diversifying their portfolios. According to this view, companies should diversify their balances with assets that appreciate more than bonds.
“As of March 2024, Microsoft’s total assets are $484 billion, most of which consist of US government bonds and corporate bonds. “These assets barely outpace inflation, so diversification is important during inflationary periods.”
Bitcoin Market Status
Bitcoin is trading at $66,799 at the time of writing and has fallen over 2% in the last 24 hours.
Microsoft’s decision on Bitcoin investment is considered an important step considering the company’s investment strategies and market conditions. The shareholder vote will clarify the company’s stance on digital currencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
