As the year comes to an end, Microsoft plans to hold its annual shareholder meeting on December 10th. On this year’s list of “voting items” for shareholders is a proposal to diversify Microsoft’s assets and increase shareholder value by investing in Bitcoin, according to a Securities and Exchange Commission filing published on Thursday. The company’s board of directors is urging shareholders to vote against it.
The proposal titled “Assessment of Investing in Bitcoin” posits that Microsoft’s current investment in corporate bonds barely outpaces inflation rates and suggests that the company should consider diversifying their assets with Bitcoin, an “excellent, if not the best, hedge against inflation.”
