microsoftrejectsbtc

According to Cointelegraph, Microsoft shareholders have voted against a proposal to incorporate Bitcoin (BTC) into the company's balance sheets during the annual meeting held on December 10. The proposal was put forward by the National Center for Public Policy Research (NCPPR), a Washington, D.C.-based think tank advocating for free-market policies. The NCPPR argued that diversifying into Bitcoin would enhance shareholder value by capitalizing on profit diversification.During the shareholders' meeting, a pre-recorded video from the NCPPR was presented, emphasizing the potential benefits of holding Bitcoin. The video highlighted the growing trend of institutional and corporate adoption of Bitcoin, citing BlackRock, Microsoft's second-largest shareholder, which offers a Bitcoin ETF. The proposal suggested that Microsoft allocate between 1% and 5% of its profits to Bitcoin investments, arguing that this move could generate significant value while mitigating risks for shareholders. However, it also acknowledged Bitcoin's volatility compared to corporate bonds and advised against excessive investment.Despite the NCPPR's arguments, Microsoft's board recommended against the proposal in a 14A filing with the US Securities and Exchange Commission (SEC). The board described the proposal as "unnecessary," stating that the company already considers cryptocurrency investments carefully. They emphasized the need for stable and predictable investments to ensure liquidity and operational funding, which Bitcoin's volatility could compromise.The proposal appeared to rely heavily on the "fear of missing out" (FOMO) mentality, referencing the Bitcoin adoption strategies of companies like MicroStrategy and BlackRock as motivation. However, Microsoft's board remained unconvinced, asserting that the company has robust processes in place to manage and diversify its corporate treasury for the long-term benefit of shareholders. The board dismissed the need for a public assessment of Bitcoin's inclusion in the company's balance sheet.Ultimately, the shareholders sided with the board's recommendation, voting against the proposal to adopt Bitcoin. The decision reflects Microsoft's cautious approach to cryptocurrency investments, prioritizing stability and long-term shareholder interests over potential short-term gains from Bitcoin adoption.

New Top 5 Cryptocurrency !

The high risks of crypto investments.

1. XRP (Ripple)

Price (approx.): $0.50-$0.70

Why it could skyrocket: Ripple continues to grow its ecosystem for cross-border payments and financial institutions, despite ongoing regulatory battles.

2. Cardano (ADA)

Price (approx.): $0.25-$0.35

Why it could skyrocket: Known for its focus on scalability and sustainability, Cardano is gaining traction with its decentralized applications (dApps) and smart contract capabilities.

3. VeChain (VET)

Price (approx.): $0.015-$0.025

Why it could skyrocket: VeChain has strong partnerships in supply chain management and is positioned as a leader in blockchain-powered logistics solutions.

4. Hedera (HBAR)

Price (approx.): $0.05-$0.10

Why it could skyrocket: Hedera's unique consensus algorithm and partnerships with major corporations (like Google and IBM) make it a promising project in the enterprise blockchain space.

5. Tron (TRX)

Price (approx.): $0.08-$0.12

Why it could skyrocket: Tron is a high-performance blockchain platform with an emphasis on content sharing, and it’s gaining adoption in gaming and DeFi.

Key Notes

The crypto market is highly volatile and speculative. Prices can swing drastically.

Consider looking at the fundamentals, utility, and market trends before investing.

Never invest more than you can afford to lose.

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