At the end of yesterday, Macroscopea financial analyst focusing on Bitcoin, open New Securities and Exchange Commission Deposit Reports that Microsoft will vote next December on whether it should invest in Bitcoin.
At first I thought this couldn’t possibly be happening right now, and I thought it would just be short-lived hype, especially after noticing details in the file that Microsoft’s board of directors… recommend Its shareholders to vote against the “Bitcoin Investment Evaluation” proposal.
But then Macrscope came along with another update that revealed something promising. Microsoft urges its shareholders to vote against the proposal because Their management is “already carefully studying this issue.”
If Microsoft follows in MicroStrategy’s footsteps (which is a strange thing to even write and say myself), it will mark a historic milestone for Bitcoin: Microsoft is third The largest company in the world by market capitalization with a value of $3.208 trillion.
Will this really happen? It’s anyone’s guess at the moment. But Michael Saylor has his own It arrived To Microsoft Chairman and CEO Satya Nadella to discuss this possibility. If there’s one man who can speak Nadella’s language and get the job done, it’s Saylor. There are plenty of reasons for Microsoft to invest in Bitcoin… like having $75 billion in cash on hand that’s melting like an ice cube.
Having said that, just because Saylor understands the importance of keeping physical BTC on his balance sheet, so should he He knows Other large companies interested in investing in Bitcoin may prefer a different method of exposure (such as buying shares of spot Bitcoin ETFs). So, if Microsoft invests in Bitcoin, I think it will likely buy shares of BlackRock and other Bitcoin ETFs. (I would be wrong, though, and have them actually buy the BTC and hold it themselves on their balance sheet.)
However, one thing is certain after reading all this: Bitcoin is now too big to ignore, even for the world’s largest companies.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.