The proposal titled 'Assessment of Investing in Bitcoin' posits that Microsoft's current investment in corporate bonds barely outpaces inflation rates and suggests that the company should consider diversifying their assets with Bitcoin, an 'excellent, if not the best, hedge against inflation.'
Microsoft's board of directors advises shareholders to vote against the proposal, explaining that the company does not need to assess investing in Bitcoin because 'Microsoft's management already carefully considers this topic.'
The tech giant asserts that it has a Global Treasury and Investment Services team that regularly evaluates potential investments, including Bitcoin and other cryptocurrencies, for effective asset diversification.
The filing states, 'Microsoft has strong and appropriate processes in place to manage and diversify its corporate treasury for long-term benefit of shareholders and this requested public assessment is unwarranted.'
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