MS currently has about $484 billion in cash, and some shareholders have suggested investing this money in Bitcoin to diversify assets and increase shareholder value.
The background to this proposal is the case of MicroStrategy, which has been heavily involved in Bitcoin since 2020.
The company has invested in Bitcoin and currently holds approximately 279,420 BTC, the largest amount of any publicly listed company. This has led to a 674% increase in the stock price since the start of 2024, and the Bitcoin price
However, Microsoft's board of directors has expressed opposition to the Bitcoin investment proposal. The board of directors said it was considering the high volatility and unpredictability of crypto assets.
The FSA has determined that the proposal is unsuitable for corporate financial management due to its unpredictability and has recommended that shareholders vote against the proposal.
Meanwhile, Michael Saylor, founder of MicroStrategy,
He plans to meet with Microsoft's board of directors to make a presentation on bitcoin investments and propose investing a portion of Microsoft's cash holdings in bitcoin.
MS's Bitcoin investment decision is expected to have a significant impact on the market. If MS decides to invest in Bitcoin, it will increase institutional investors' confidence in Bitcoin,
This could be a catalyst for price increases. Conversely, not investing could have a negative impact on the Bitcoin market.
Therefore, the outcome of Microsoft's shareholders meeting on December 10th will be a significant factor in determining future changes in Bitcoin prices.
Investors should closely watch Microsoft's decision and the market's reaction to it.
2024/11/26 11:30 KST
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