Microsoft has advised its shareholders to vote against a proposal suggesting it consider Bitcoin as part of its investment strategy.
The proposal, brought forward by the National Center for Public Policy Research, advocates for Bitcoin as a hedge against inflation.
Microsoft's board cautions against the proposal, highlighting the risks of cryptocurrency volatility and emphasizing its established treasury management processes.
The National Center for Public Policy Research argues that Bitcoin is a strong hedge against inflation and recommends allocating 1% of assets into Bitcoin.