On the tail finish of yesterday, MacroScope, a monetary analyst specializing in Bitcoin, revealed a brand new SEC submitting stating that Microsoft is voting this December on whether or not it ought to put money into bitcoin.
At first I assumed there isn’t any approach this occurs proper now, and figured it is going to simply be a brief lived hype, particularly after noticing a element within the submitting stating that Microsoft’s board recommends its shareholders to vote AGAINST the proposal of “Evaluation of Funding in Bitcoin”.
However then Macroscope got here with one other replace that exposed one thing promising. Microsoft is urging its shareholders to vote in opposition to the proposal as a result of their administration “already fastidiously considers this subject.”
If Microsoft have been to observe within the footsteps of MicroStrategy (a wild factor to even kind out and say to myself) it might mark an historic milestone for Bitcoin: Microsoft is the third largest firm on this planet by market capitalization at $3.208 trillion.
Will this really occur? It’s anybody’s guess in the intervening time. However Michael Saylor has himself reached out to Microsoft’s Chairman and CEO Satya Nadella to debate the likelihood. If there’s one man who can communicate Nadella’s language and get the job achieved, it’s Saylor. And there are many the reason why Microsoft ought to put money into bitcoin… like having $75 billion in money readily available that’s simply melting away like an ice dice.
Having mentioned that, simply because Saylor understands the significance of holding precise BTC on their stability sheet, he additionally is aware of that different massive companies enthusiastic about investing in Bitcoin may choose a distinct methodology of publicity (like buying shares of spot Bitcoin ETFs). So if Microsoft have been to speculate into Bitcoin, I feel they are going to probably simply purchase shares of BlackRock and others Bitcoin ETFs. (I’d like to be flawed although, and have them really purchase the BTC and maintain it themselves on their stability sheet.)
In any case, one factor for sure after studying all this: Bitcoin is now too massive to disregard, even for the largest corporations on this planet.
This text is a Take. Opinions expressed are solely the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
