Microsoft's $3 Trillion Shareholders, Including BlackRock, Vote on Bitcoin Investment

Oct 30, 2024, 01:46 PM

Microsoft shareholders have begun voting on a proposal to invest in Bitcoin for the company's corporate treasury. The proposal, which cites rampant inflation in the USD as a justification, has garnered significant attention. BlackRock, Microsoft's second-largest shareholder, is also involved in the vote and offers its clients a Bitcoin ETF. Notably, Microsoft has asked shareholders to vote against the proposal, according to an SEC filing. The company, valued at $3 trillion, is considering this BTC Treasury Strategy.