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At the tail end of yesterday, MacroScope, a financial analyst focused on Bitcoin, revealed a new SEC filing saying that Microsoft will vote this December on whether to invest in bitcoin.
At first I thought that there is no way this is happening now, and I realized that it will only be a short time, especially after seeing the information in the file that the Microsoft board recommends its shareholders to vote AGAINST the proposal “Assessment of Investment in. Bitcoin”.
However, Macroscope came up with another update that revealed something promising. Microsoft is urging its shareholders to vote against the proposal because its management “has carefully considered this topic.”
If Microsoft were to follow in the footsteps of MicroStrategy (which is wild to write and even for me) it would mark a milestone for Bitcoin: Microsoft is the third largest company in the world by market capitalization at 3.208 billion.
Will this really happen? It’s anyone’s guess at this point. But Michael Saylor has personally reached out to Microsoft Chairman and CEO Satya Nadella to discuss the possibility. If there’s one man who can speak Nadella’s language and get the job done, it’s Saylor. And there are many reasons why Microsoft should invest in bitcoin… like having $75 billion cash on hand that just melts like an ice cube.
That said, because Saylor understands the importance of holding real BTC on their balance sheet, he also knows that other large companies interested in investing in Bitcoin may choose a different form of exposure (such as buying shares of Bitcoin ETFs). So if Microsoft were to invest in Bitcoin, I think they would just buy shares of BlackRock and other Bitcoin ETFs. (I’d like to be wrong, though, and have them buy BTC and hold it on the balance sheet themselves.)
In any case, one thing is certain after reading all this: Bitcoin is now too big to ignore, even for the biggest companies in the world.
This article is a Take it. The views expressed are entirely those of the author and do not reflect those of BTC Inc or Bitcoin Magazine.
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