On December 10 there will be news about this decision.
Bitcoin reacts on the rise, although the Shareholders’ Meeting suggests voting against the proposal.
The American software development company, Microsoft, a “bitcoin investment evaluation” is proposed.
This was revealed in a presentation before the Securities and Exchange Commission (SEC). There it is detailed that will be a voting topic at the shareholders meeting which will take place next December 10.
The following image is a screenshot of the aforementioned form. In voting point number 5 you can read the proposal related to investment in bitcoin. It is also observed there that The Shareholders’ Meeting recommends voting against this proposal.
As a result of this news, the price of bitcoin —which can be seen in real time in the CriptoNoticias Calculator— accelerates its upward trend. At the time of this publication each bitcoin is traded on the main exchanges for $68,500. In the last 24 hours, BTC is up 2.65%.
The importance of this news lies, among other things, in the fact that Microsoft is the third most valuable company in the world, after Apple and Nvidia.
If the proposal is approved, Microsoft could join other publicly traded companies that hold bitcoin in their treasuries as a store of value.
These companies include MicroStrategy (252,220 BTC), Marathon (26,842 BTC), Riot (10,427 BTC), Tesla (9,720 BTC) and Coinbase (9,480 BTC).
According to the opinion of analysts at Bernstein, a research and investment firm in various financial assets, Institutional adoption will be one of the main bullish drivers for the price of bitcoin.
According to this company, The price of the digital currency would reach $200,000 next year and to a million dollars in 2033.