At the tail end of yesterday, MacroScope, a financial analyst focusing on Bitcoin, revealed a new SEC filing stating that Microsoft is voting this December on whether it should invest in bitcoin.
At first I thought there is no way this happens right now, and figured it will just be a short lived hype, especially after noticing a detail in the filing stating that Microsoft’s board recommends its shareholders to vote AGAINST the proposal of “Assessment of Investment in Bitcoin”.
But then Macroscope came with another update that revealed something promising. Microsoft is urging its shareholders to vote against the proposal because their management “already carefully considers this topic.”
If Microsoft were to follow in the footsteps of MicroStrategy (a wild thing to even type out and say to myself) it would mark an historic milestone for Bitcoin: Microsoft is the third largest company in the world by market capitalization at $3.208 trillion.
Will this actually happen? It’s anyone’s guess at the moment. 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 can speak Nadella’s language and 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 is just melting away like an ice cube.
Having said that, just because Saylor understands the importance of holding actual BTC on their balance sheet, he also knows that other large corporations interested in investing in Bitcoin might prefer a different method of exposure (like purchasing shares of spot Bitcoin ETFs). So if Microsoft were to invest into Bitcoin, I think they will likely just buy shares of BlackRock and others Bitcoin ETFs. (I would love to be wrong though, and have them actually buy the BTC and hold it themselves on their balance sheet.)
In any case, one thing for certain after reading all this: Bitcoin is now too large to ignore, even for the biggest companies in the world.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
A group of Bitcoiners compare the current petrodollar system with the hopeful alternative Bitcoin offers us.Watch This Episode on YoutubeWatch/Listen To This Episode:RumbleBitcoinTVSpotifyAppleGoogle LibsynOvercast[00:00:06] MG: What's going on Alex? Sorry, I started to write a tweet and unmuted myself. Oh, super good, man. Great week so far. How about yourself?[00:00:15] AM: Pretty good man. Just waiting…
The events transpiring now signal adoption is only going to pick up pace, indicating a rising bitcoin price.Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.Summary Of The WeekIn what should have been a positive week for…
Voltage offers Lightning node hosting and liquidity purchasing from other node operators. The CEO announced two new products at Bitcoin 2022.Voltage bills itself as “enterprise-grade infrastructure for the Lightning Network. Scalability should be as fast and as easy as Lightning itself.” The company offers node hosting over clearnet to allow businesses to onboard to the Lightning…
Follow Nikolaus On 𝕏 Here For Daily Posts Earlier this morning, the U.S. government announced via a court document that stolen bitcoin from the Bitfinex hack in 2016 should be returned to the exchange in-kind. This bitcoin, as seen publicly on the blockchain via Arkham Intelligence, totals 94,643 BTC currently worth $9.4 billion at the
Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE). The company has now expanded its scope and entered into the…
Norwegian investment company focused on Bitcoin, Seetee, has become the newest investor in the Bitcoin and Lightning company Breez.Bitcoin payments company Breez has announced that Seetee, the bitcoin-focused subsidiary of Norwegian investment group Aker, has become their newest investor.“Seetee’s investment shows that they believe Breez can help bitcoin achieve its destiny as a currency and…
Personal servers, like Umbrel and Start9’s Embassy, are ways for people to have more control over data and become more sovereign in the process.Pascal Hügli is a lecturer at the University of Applied Sciences in Business Administration in Zurich where he teaches students about Bitcoin.In human affairs, action is a fundamental force. It was the…
Bakkt has announced that the Bakkt Warehouse, its qualified custodian arm, is now open for business. The company has previously announced that the warehouse is protected by $125 million in insurance and leverages the same protections that are used by the New York Stock Exchange (NYSE). The Intercontinental Exchange (ICE) serves as a parent company…
Developing a tough mind and a tender heart is a strong foundation for Bitcoin Maximalists to become peaceful warriors on the path to hyperbitcoinization.This is an opinion editorial by Nozomi Hayase, a contributor at Bitcoin Magazine.Recently, prominent venture capitalist, Nic Carter of Castle Island Ventures, came under scrutiny on Bitcoin Twitter. He was piled on…