Microsoft will vote on whether to invest in Bitcoin, but the board opposes the proposal

Microsoftone of the most influential technology companies in the world, will face an unexpected vote in December promoted by a group of shareholders. The proposal, which has already been filed with the Securities and Exchange Commission (SEC), seeks to get the company to consider investing in Bitcoin, a move that could place Microsoft among the largest public investors in the cryptocurrency.

The vote is scheduled for next December 10. If approved, Microsoft would follow in the footsteps of companies such as Tesla, Paypal or Morgan Stanley, which already maintain part of their reserves in Bitcoin. The measure, however, faces strong opposition within the company’s own board of directors.

According to the portal ‘The Block’, although the price of Bitcoin has shown some stability in recent months, reaching around $60,000 for almost a year, Microsoft’s board of directors has expressed that it considers the proposal “unnecessary.” The board has recommended that shareholders vote against it, arguing that the issue has already been “carefully evaluated” internally.

The shareholder initiative, promoted by the National Public Policy Council, a conservative think tank, has managed to put the debate on the table at a time when cryptocurrencies are gaining prominence in the United States, even within politics. electoral.

Despite the difficulties that the proposal faces, the fact that it has been accepted for a vote already represents important progress for the group of shareholders. If approved, the measure could transform Microsoft into an important player in the world of Bitcoin.

However, the company’s board of directors remains firm in its recommendation to reject the proposal, significantly reducing the chances of Microsoft taking this step towards investing in cryptocurrencies.