The possibility of Microsoft investing in Bitcoin has sent shockwaves through the financial world. MacroScope, a financial analyst specializing in Bitcoin, recently uncovered a new SEC filing indicating that Microsoft will be voting on whether to invest in the cryptocurrency this December.
Initially, it seemed unlikely that Microsoft would take the plunge into Bitcoin, especially after the filing revealed that the company’s board was recommending shareholders vote against the proposal. However, a subsequent update from MacroScope shed light on Microsoft’s management already carefully considering the topic.
If Microsoft were to follow in the footsteps of MicroStrategy, it would be a monumental moment for Bitcoin. As the third largest company in the world by market capitalization, with $3.208 trillion, Microsoft’s potential investment could have a significant impact on the cryptocurrency market.
Michael Saylor, the CEO of MicroStrategy, has even reached out to Microsoft’s Chairman and CEO, Satya Nadella, to discuss the possibility of investing in Bitcoin. Saylor believes that Microsoft, with $75 billion in cash on hand, could benefit from holding actual BTC on their balance sheet.
While some speculate that Microsoft may opt to invest in Bitcoin through purchasing shares of Bitcoin ETFs, others hope that the tech giant will take the bold step of acquiring and holding the cryptocurrency itself.
Regardless of the outcome, one thing is clear: Bitcoin has become too big to ignore, even for the largest companies in the world. The potential investment from Microsoft could further legitimize Bitcoin as a mainstream asset and pave the way for other corporations to follow suit.
