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International Business Times
International Business Times
Business
Marvie Basilan

Microsoft Board Strongly Opposes 'Unwarranted' Proposal To Invest In Bitcoin

Microsoft is urging shareholders to vote against a proposal to consider investing in Bitcoin, the world's largest cryptocurrency by market value. (Credit: AFP)

KEY POINTS

  • The National Center for Public Policy Research highlighted how MicroStrategy outperformed Microsoft stock
  • The board pointed out that the proposal itself acknowledged Bitcoin's volatility as a factor of consideration
  • Many crypto users believe Microsoft will eventually regret it if its shareholders vote against the proposal in December

Bitcoin is an "excellent" hedge against inflation, the National Center for Public Policy Research advised Microsoft, but the big tech titan's board is urging shareholders to vote against a proposal to invest in the world's largest cryptocurrency by market cap.

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