Microsoft risks shareholder lawsuit if it ignores Bitcoin and prices rise
Microsoft could face a shareholder lawsuit if it opts not to invest in Bitcoin, according to the National Center for Public Policy Research (NCPPR). The NCPPR argues that the company has a fiduciary duty to act in shareholders' financial interests, and rejecting Bitcoin could contradict those interests. A proposal is being put forward for Microsoft to assess the potential of investing in Bitcoin. If Microsoft determines that it is not in shareholders' interests to invest and Bitcoin's value subsequently increases, shareholders might have grounds for legal action. Even though Microsoft's board recommends voting against the proposal, claiming that they consider various investable assets, the NCPPR believes that the proposal has sparked critical dialogue between Microsoft and its investors. Historical performance metrics were highlighted, such as MicroStrategy, which has significantly outperformed Microsoft in the market this year. The conversation around corporate Bitcoin investment continues to gain traction, indicating a growing acceptance of cryptocurrency in traditional business environments.
Source 🔗