Microsoft urges shareholders to reject the proposal to use Bitcoin as an investment diversification option

ChainCatcher news, according to CoinDesk, Microsoft disclosed in its Schedule A filing with the U.S. Securities and Exchange Commission (SEC) that the conservative think tank National Center for Public Policy Research (NCPPR) plans to propose a "Bitcoin Diversification Assessment" at the annual shareholder meeting. The Microsoft board recommends that shareholders vote against the proposal.

NCPPR states in the proposal that Bitcoin is "an excellent choice for hedging against inflation, and may even be the best choice," and suggests that the company invest at least 1% of its total assets in this cryptocurrency. The think tank is one of the members of the "2025 Plan," advocating that companies consider including Bitcoin in their portfolios to hedge against inflation and other macroeconomic impacts.

In its opposition statement, Microsoft stated that the company has "carefully considered this topic." The statement noted: "Past assessments have included Bitcoin and other cryptocurrencies as options, and Microsoft will continue to monitor trends and developments related to cryptocurrencies to inform future decisions."

Microsoft emphasized that the company has established strong and appropriate processes to manage and diversify its corporate funds to ensure the long-term interests of shareholders. The company believes that the public assessment requested in the proposal is unnecessary. Microsoft also pointed out that, as stated in the proposal itself, volatility is an important factor in assessing whether cryptocurrency investments are suitable for corporate fund management, as corporate fund management requires stable and predictable investments to ensure liquidity and operating capital.