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  HOME PAGE 25/10/2024 19:28 
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The technology giant Microsoft has taken action for Bitcoin investment.

The technology giant Microsoft has taken action for Bitcoin investment.

25.10.2024 13:51

The leading technology company Microsoft is putting the issue of Bitcoin (BTC) investment to a vote at the annual shareholder meeting scheduled for December. With a market value of $3.157 trillion, the company is opening up Bitcoin and cryptocurrency investments for shareholder consideration. Despite the board's opposition, it has been revealed that the company is closely monitoring the cryptocurrency markets.

As stated in a filing with the U.S. Securities and Exchange Commission (SEC), the Bitcoin investment assessment proposed by The National Center for Public Policy Research, a conservative think tank, indicates a significant change in Microsoft's investment plans.

Microsoft to Evaluate Bitcoin Investments

Microsoft's global treasury and investment services team is evaluating a wide range of investments to finance the company's ongoing operations. This assessment process includes Bitcoin and other cryptocurrencies. The team is closely monitoring cryptocurrency developments for inflation hedging and portfolio diversification purposes.

The company management acknowledges that the volatility in cryptocurrency investments is a significant risk factor. Microsoft emphasizes that it already has robust processes in place to manage and diversify its corporate treasury.

If approved at the shareholder meeting on December 10, Microsoft will surpass MicroStrategy and Tesla to become the largest corporate Bitcoin investor. This could mark the beginning of a new era in corporate cryptocurrency adoption.



 
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