Microsoft Corporation (NASDAQ: MSFT) revealed that an 'Assessment of Investing in Bitcoin' will be a voting item at its forthcoming shareholder meeting on December 10.
Microsoft's board of directors has recommended voting against the Bitcoin investment proposal, stating that it is unnecessary as the company already considers cryptocurrencies in their broader investment strategy.
Major shareholders such as Vanguard, BlackRock, and State Street will play a pivotal role in determining the outcome of the proposal. Vanguard is expected to vote 'no,' while BlackRock has been supportive of Bitcoin.
Industry analysts predict that the proposal to invest in Bitcoin will not gain sufficient support among Microsoft shareholders.