Microsoft has advised shareholders to vote against a proposal recommending Bitcoin investment, which will be discussed at the December 10 shareholder meeting.
The proposal, from the National Center for Public Policy Research (NCPPR), argues that Microsoft could benefit from Bitcoin, noting that MicroStrategy—a company heavily invested in Bitcoin—has outperformed Microsoft by 300% this year.
The NCPPR also cited growing institutional interest in Bitcoin, particularly with U.S. spot Bitcoin ETFs, suggesting that even a small Bitcoin holding could serve as a hedge against inflation.
While Microsoft’s board remains skeptical, the company previously accepted Bitcoin payments but now prioritizes AI investments, including over $11 billion in OpenAI since 2019. Microsoft’s stock has seen a slight increase, while MicroStrategy surged by over 10% amid Bitcoin’s recent price gains.
The proposal advises Microsoft to consider a modest Bitcoin investment, suggesting the company assess holding even as little as 1% of its assets in the cryptocurrency without risking shareholder value.
This recommendation follows MicroStrategy’s success with its own Bitcoin strategy, which has driven the tech company to new highs, reaching $241 this year. Since 2020, MicroStrategy has accumulated 252,220 Bitcoins, valued at roughly $17 billion, contributing to a 250% surge in its stock price over the past year—compared to Microsoft’s 16% increase.
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