At the end of yesterday, x.com/MacroScope17″>Macroscopea financial analyst focused on bitcoin, x.com/MacroScope17/status/1849557396529533302″>revealed a new SEC presentation stating that Microsoft will vote this December on whether it should invest in bitcoin.
At first I thought there was no way this was happening right now, and I thought it would just be short-lived hype, especially after noticing a detail in the presentation that said Microsoft's board of directors x.com/BitcoinMagazine/status/1849560166401966144″>recommends its shareholders vote AGAINST the “bitcoin Investment Evaluation” proposal.
But then Macroscope arrived with another update that revealed something promising. Microsoft urges its shareholders to vote against the proposal x.com/BitcoinMagazine/status/1849566724649255186″>because its management “already carefully considers this issue.”
If Microsoft followed in MicroStrategy's footsteps (crazy to even write it down and say to myself) it would mark a historic milestone for bitcoin: Microsoft is the third The largest company in the world by market capitalization with 3.208 trillion dollars.
Will this really happen? It is a mystery at the moment. But Michael Saylor has himself x.com/saylor/status/1849790766945587241″>came closer to Microsoft Chairman and CEO Satya Nadella to discuss the possibility. If there's one guy who can speak Nadella's language and get the job done, it's Saylor. And there are plenty of reasons why Microsoft should invest in bitcoin… like having $75 billion in cash on hand that's just melting like an ice cube.
That said, just because Saylor understands the importance of holding real btc on his balance sheet, he also x.com/saylor/status/1849132234692833436″>know that other large corporations interested in investing in bitcoin might prefer a different method of exposure (such as buying bitcoin ETF shares for cash). So if Microsoft were to invest in bitcoin, I think they would probably just buy shares of BlackRock and other bitcoin ETFs. (However, I would love to be wrong and for them to actually buy the btc and hold it themselves on their balance sheet.)
In any case, one thing is certain after reading all this: bitcoin is now too big to ignore, even for the largest companies in the world.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
