TechFlow news — On December 11, Microsoft's board of directors disclosed in a regulatory filing the reasons for rejecting investment in Bitcoin, stating that the proposal was unnecessary given the company is already considering various investment options.
Microsoft noted that, as acknowledged in the proposal itself, Bitcoin's volatility is a factor to consider when evaluating its suitability as a corporate treasury investment, since businesses require stable and predictable investments to ensure liquidity and operational funding. The company already has strong and appropriate processes in place to manage and diversify its corporate finances in the long-term interests of shareholders, making this proposal to publicly evaluate Bitcoin investment unnecessary.
Microsoft also added that previous assessments have included Bitcoin and other cryptocurrencies among potential options, and the company will continue monitoring trends and developments related to cryptocurrencies to inform future decisions.
