The "Assessment in Investing in Bitcoin
BTC +0.30% " appears to have been proposed by The National Center for Public Policy Research, a conservative think tank. The organization serves on the advisory board to Project 2025, which advocates for an extremely conservative policy agenda.
Included beneath the proposal is the language "The Board recommends a vote AGAINST this proposal." In the SEC filing, Microsoft noted the board deems the proposal "unnecessary" as the firm's management "already carefully considers this topic."
"Microsoft’s Global Treasury and Investment Services team evaluates a wide range of investable assets to fund Microsoft’s ongoing operations, including assets expected to provide diversification and inflation protection, and to mitigate the risk of significant economic loss from rising interest rates," the firm wrote in the Notice of Annual Shareholders Meeting and Proxy Statement 2024. "Past evaluations have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decision making."
The firm also noted that volatility "is a factor to consider in evaluating cryptocurrency investments" and that it already has "processes in place to manage and diversify its corporate treasury."
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