Bitman on Nostr: Today, Microsoft shareholders will vote on adding Bitcoin as the company’s ...
Today, Microsoft shareholders will vote on adding Bitcoin as the company’s strategic reserve.
I’d be very surprised if this gets approved now—boomers might still need some time to adopt this vision.
Currently, Microsoft holds over $80 billion in cash, equivalents, and short-term investments, representing the company’s liquid asset reserves.
If 10% of this position were allocated, it could amount to $8 billion, enabling the purchase of approximately 81,870 Bitcoins.
I don’t think this will happen right now, especially so close to the fiscal year-end, but I believe it’s inevitable for Microsoft and other companies.
I’d be very surprised if this gets approved now—boomers might still need some time to adopt this vision.
Currently, Microsoft holds over $80 billion in cash, equivalents, and short-term investments, representing the company’s liquid asset reserves.
If 10% of this position were allocated, it could amount to $8 billion, enabling the purchase of approximately 81,870 Bitcoins.
I don’t think this will happen right now, especially so close to the fiscal year-end, but I believe it’s inevitable for Microsoft and other companies.