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Microsoft shareholders are set to vote on whether the tech giant should invest in Bitcoin, according to a recent filing with US regulators. The proposal, backed by the National Center for Public Policy Research, comes ahead of a shareholder meeting on Dec. 10. However, Microsoft’s board has suggested voting against the idea, noting it already explores a range of investment options, including Bitcoin. The research center cited MicroStrategy’s successful Bitcoin strategy and its potential as a hedge against inflation as reasons for the proposal.

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Microsoft shareholders are going to vote on whether the company should consider adding Bitcoin to its funds, according to a recent filing with the US securities regulator. This decision was announced on Oct.24, highlighting that “Assessment of Investing in Bitcoin” is being proposed for shareholder vote during a meeting on Dec.10.

However, Microsoft’s board is suggesting a vote against this proposition. The reason is that they already investigate a broad range of possible investments, including Bitcoin.

The push for this proposal came from the National Center for Public Policy Research. This group pointed out how MicroStrategy, a business intelligence company, has adopted a Bitcoin investment strategy and outperformed Microsoft by a massive 300% this year. And this is despite MicroStrategy doing much less business than Microsoft!

The research center also mentioned that Bitcoin, though still quite volatile, can serve as a guard against inflation and low returns from corporate bonds. They suggested companies should think about holding some of their assets in Bitcoin, even if it’s just 1%. Please note this is a developing story, and more updates will be confirmed as the information becomes available.

Source: Cointelegraph