Software giant Microsoft will hold a shareholders meeting next month—and Bitcoin is on the agenda.
Microsoft (NASDAQ: MSFT) will have its annual shareholders meeting on December 9 and those who are invested in the company will vote on a number of items, according to a Thursday filing by the Securities and Exchange Commission.
One of the proposals up for a vote is the “Assessment of investing in Bitcoin,” with the board recommending shareholders vote against it.
It isn’t clear whether the item refers to Microsoft putting Bitcoin, the industry’s largest crypto, on its balance sheet. Microsoft did not immediately respond to Decrypt’s request for comment.
The filing also notes that “Microsoft’s management already carefully considers this topic.”
Microsoft is one of the world’s largest software companies and accepts Bitcoin from customers who are shopping online at its Windows and Xbox stores.
If Microsoft does invest in Bitcoin, it will be one of the rare U.S. companies to do so.
MicroStrategy, a software company that sells data-analyzing solutions, started buying Bitcoin back in 2020.
The Tyson, Virginia-based firm is now the largest corporate holder of the crypto. With 252,220 Bitcoin, currently valued at $17 billion in reserves, its stock has surged this year alongside a rising Bitcoin price.
Despite its success for shareholders, many public tech companies have yet to follow suit.
Edited by Sebastian Sinclair
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