Microsoft Mulls Bitcoin Investment Amid SEC Filing Scrutiny
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In a recent update from financial analyst MacroScope, it was disclosed that Microsoft is considering whether to invest in Bitcoin during a shareholder vote this December. The initial reaction was skepticism, especially since the SEC filing revealed that Microsoft’s board of directors recommends its shareholders vote against the proposal titled “Assessment of Investment in Bitcoin.”
However, further updates from MacroScope indicated a compelling reason behind the board’s stance. Microsoft management has stated that they are already actively considering the topic of Bitcoin investment.
If Microsoft were to take a cue from MicroStrategy, which has made headlines for its Bitcoin purchases, it would signify a monumental shift for the cryptocurrency market. Currently valued at $3.208 trillion, Microsoft ranks as the third largest company in the world by market capitalization.
The big question remains: Will this investment actually go through? Speculation surrounds the outcome, highlighted by Michael Saylor’s outreach to Microsoft Chairman and CEO, Satya Nadella. Saylor is considered one of the foremost advocates for Bitcoin investment, and if anyone can sway Nadella, it’s him. With $75 billion in cash reserves at Microsoft, some argue that the company should seize the opportunity of investing in Bitcoin, rather than letting that cash diminish in value.
Nevertheless, Saylor recognizes that large corporations often seek alternative avenues for Bitcoin exposure. It’s possible that rather than purchasing Bitcoin directly, Microsoft might opt to buy shares of spot Bitcoin ETFs, such as those offered by BlackRock. Though many would prefer a direct investment in Bitcoin rather than ETFs, the latter might seem more appealing to conservative investors.
What is clear, regardless of the outcome, is that Bitcoin has reached a scale that even the largest corporations cannot overlook.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
