Microsoft has announced that its shareholders will vote on a proposal regarding investing in Bitcoin at the upcoming annual meeting scheduled for December 9, 2024. In a filing made to the SEC, the company's board has recommended that shareholders vote against this proposal. Although details on whether this would mean adding Bitcoin to its balance sheet remain unclear, Microsoft currently accepts Bitcoin payments in its online stores for Windows and Xbox. If Microsoft were to proceed with such an investment, it would join a small group of U.S. companies that have made corporate investments in Bitcoin, including MicroStrategy, which has amassed a significant Bitcoin reserve since 2020. The cautious stance from Microsoft's management reflects a broader hesitation among public tech companies to adopt cryptocurrencies despite the successes seen by some institutions in this area.

Source 🔗