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Microsoft can also be included among the companies investing in Bitcoin in the world. According to the company’s notification to the SEC, a shareholder meeting on December 10 will vote on whether to buy bitcoin.
The recommendation to Microsoft was made by the National Center for Public Policy Research, a think tank, it said. The organization, which is said to adopt a conservative outlook, framed the proposal as part of a political agenda called Project 2025. Project 2025 aims to implement post-election practices such as a free market economy, smaller government influence and lower taxes. Bitcoin’s decentralized structure also attracts the attention of such think tanks.
The board recommended rejection: “Unnecessary.”
The vote was also officially reported to the SEC. The notice also stated that the board of directors recommended a no vote. The statement said the proposal was “unnecessary” and used the following expressions:
“Microsoft’s Global Treasury and Investment Services teams conduct extensive research on investable assets. Assets that will provide protection against inflation and portfolio diversification are also included in these studies. In past research, Bitcoin and other cryptocurrencies have also “For future decisions, Microsoft will continue to monitor trends and developments related to cryptocurrencies.”
It will be the largest company.
Microsoft, the third-largest US company with a market value of more than $3 trillion, would surpass Tesla and MicroStrategy if it bought Bitcoin. The software company will thus become the “biggest bitcoin buyer”.
After the news broke yesterday evening, Bitcoin rose to $68,500, but fell back below $68,000 overnight.
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