According to River’s CEO Alexander Leishman’s post on his X account, technology company Microsoft Corp (MSFT), Bitcoin (BTC) 
$72,507 may have started voting on the investment proposal.
Voting Options and Management Advice
In the voting on Microsoft’s Bitcoin investment proposal, the options available to voters were presented as “I Support”, “I Do Not Support” and “I Disagree”. The team behind the survey made it clear that the board recommended the “I do not support” option.
Five days ago, Microsoft filed a document with the United States Securities and Exchange Commission (SEC). This filing added “Bitcoin Investment Review” as an unexpected item to the agenda of the annual shareholder meeting on December 10.
Details of Potential Investment
According to Microsoft’s 2024 second quarter earnings report, the company has cash and cash equivalent assets of $76 billion. If shareholders demand that the company allocate at least 10% to Bitcoin, this could mean a massive investment of $7.6 billion. However, if we remember the proposal, the proposal to be voted on was to “explore its investment in Bitcoin for asset diversification”. So, although it is unclear how much to invest, deciding on a figure as large as 10% may be a wild guess. Moreover, voting does not directly impose investment, it requires investigation.
However, when compared to business intelligence and software firm MicroStrategy’s reserve of 252,220 BTC, it seems that this investment will be one step behind MicroStrategy. Given that over 80% of Bitcoin has remained stable over the past six months, purchasing up to 100,000 BTC could cause a supply shock.
Although the outcome of this major acquisition for Microsoft is uncertain, the decision-making power rests on the shoulders of shareholders. Currently, the crypto ecosystem is eagerly awaiting the outcome of Microsoft’s Bitcoin offering.
Microsoft’s alleged early vote for Bitcoin investment could shape the company’s approach to crypto assets and future strategies. The decision made by shareholders could have significant impacts not only on the company’s financial health, but also on the Bitcoin market. Investors can follow this process closely and determine their strategies according to possible outcomes.
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.
