McDonald's denies shareholders 'consider buying Bitcoin'; SEC 'may refuse to discuss'

Conservative McDonald's shareholders have called for the company to include Bitcoin in its holdings, but McDonald's has made it clear it has no plans to discuss the proposal.
On the 13th (local time), TheBlock reported that the National Center for Public Policy, a conservative think tank and McDonald's shareholder,
In a letter to McDonald's, Policy encouraged the idea of storing Bitcoin as a company asset. The group cited "former CFO and former president Harry Sonneborn" in the proposal.
As Investor Plc Sonneborn put it, McDonald's is seen as a "real estate company" that sells hamburgers. Real estate is a more stable store of value than cash or bonds, but bitcoin is a more stable store of value than real estate.
"More and more companies are adding Bitcoin to their balance sheets, but if McDonald's doesn't follow suit,
"We will be left behind from our past leading position," he said. In response, McDonald's said it would respond to the shareholder proposal and discuss the Bitcoin proposal at its upcoming general shareholders meeting in May.
The SEC made it clear that McDonald's could ignore the proposal and requested prior confirmation from the U.S. Securities and Exchange Commission (SEC) that there would be no sanctions associated with it.
In a March 28 response, the SEC said, "We believe there is a basis for your position that the company could exclude itself from the proposal."
It continued, "The proposal appears to be relevant to the general business operations of the Company, which would allow the Company to incorporate the proposal in its proxy statement."
The omission from the documents will not result in the SEC recommending any additional sanctions," it added.