TechFlow news, on October 28, Bitcoin supporter Fred Krueger posted on X platform stating that BlackRock, a major Microsoft shareholder (holding 7%), and Vanguard Group will vote on Monday on a shareholder proposal to study purchasing Bitcoin. The proposal recommends that Microsoft explore adding Bitcoin to its balance sheet as a strategy to hedge against inflation and other macroeconomic impacts.
Previously, in filings submitted to the U.S. Securities and Exchange Commission (SEC), Microsoft clearly stated that the board recommends shareholders vote against the proposal. The company said it had "carefully considered" the issue, adding: "Past evaluations have included Bitcoin and other cryptocurrencies as potential options. Given the volatility of cryptocurrency investments, such assets may not meet the enterprise's need for stable and predictable returns, nor serve the requirement to ensure liquidity and operational funding. Microsoft has established robust corporate financial management and diversification processes; mandating public evaluation of this strategy is unnecessary."
Notably, BlackRock is not only Microsoft’s second-largest shareholder but also holds an 8% stake in MicroStrategy, the world's largest corporate holder of Bitcoin. Earlier reports indicated that after learning this news, MicroStrategy founder Michael Saylor took to social media platform X to message Microsoft CEO Satya Nadella: "Want to make the next trillion dollars for your shareholders? Call me."
