Not a very smart move. Larry Fink does not approve.
MS had tens of billions in cash to invest. Would it have killed them to allocate
just a tiny bit, maybe $10 million or so to bitcoin?
I hope they enjoy holding on to their rapidly melting ice cubes of cash.
What did MS do with all that cash? They probably put much of it in bonds, even
after Jamie Dimon of JP Morgan and many others predicted a high likelihood of a
crash in the bond market. No country wants to buy that worthless shit anymore.
China and Japan the two biggest holders of US bonds are dumping them like crazy.
So why would any sane person want to hold that shit? I swear the MS Board of Directors
and shareholders are dumb as dirt. Meanwhile their worthless bonds are losing value faster
than a melting ice cube.
Shareholder Vote: On December 10, 2024, Microsoft shareholders voted against a proposal
urging the company to add Bitcoin to its balance sheet. The proposal, put forth by the
National Center for Public Policy Research, suggested allocating a small percentage (1-5%)
of the company's assets to Bitcoin as a hedge against inflation and to potentially increase shareholder value.
Board's Recommendation: Microsoft's board of directors recommended that shareholders vote against the proposal.
They argued that the company already has robust processes for evaluating a wide range of investable assets,
including cryptocurrencies like Bitcoin, to fund its operations and ensure liquidity. They also emphasized
that corporate treasuries require stable and predictable investments, and Bitcoin's volatility poses a significant
risk to these applications.
Agreed, it was such a dumb move for the board to not approve. Those would be some pretty damn happy shareholders now, eh? It would have also been huge for Bitcoin if they had done it at the time, but nevertheless Bitcoin didn't need some soft ass micro bill gates shit!!! Hahahhahahaha Bitcoin is the mutual ducking king!
