At the end of yesterday, MacroScopea financial analyst focusing on Bitcoin, revealed a new SEC submit which states that Microsoft will vote in December on whether it should invest in bitcoin.
At first I thought this couldn’t possibly happen at this point, and figured it would just be short-lived hype, especially after noticing a detail in the documentation that stated that Microsoft’s board recommends its shareholders to vote AGAINST the proposal of “Assessment of Investment in Bitcoin”.
But then Macroscope came out with a new update that revealed something promising. Microsoft calls on its shareholders to vote against the proposal because their management “is already carefully considering this issue.”
If Microsoft were to follow in MicroStrategy’s footsteps (a wild thing to even type out and say to myself), it would mark a historic milestone for Bitcoin: Microsoft is the third largest company in the world by market capitalization of $3.208 trillion.
Will this actually happen? It’s anyone’s guess at this point. But Michael Saylor has himself reached out to Microsoft’s Chairman and CEO Satya Nadella to discuss the possibility. If there’s one man who speaks Nadella’s language and can get the job done, it’s Saylor. And there are plenty of reasons why Microsoft should invest in Bitcoin… like having $75 billion in cash on hand that just melts away like an ice cube.
That said, just because Saylor understands the importance of holding actual BTC on their balance sheet, he does know that other large companies interested in investing in Bitcoin may prefer another exposure method (such as buying shares of spot Bitcoin ETFs). So if Microsoft were to invest in Bitcoin, I think they would probably just buy shares of BlackRock and other Bitcoin ETFs. (I’d love to be wrong though and have them actually buy the BTC and keep it on their balance sheet themselves.)
Either way, one thing is certain after reading all of this: Bitcoin is now too big to ignore, even for the largest companies in the world.
This article is a To take. The opinions expressed are solely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.