Last week, Microsoft announced that they would be putting it to a shareholder vote on whether the company would begin to buy and hold bitcoin as part of their corporate treasury. Now, they have started the preliminary voting and very soon, the 9th December I believe, they will have their decision.

The board has come out and said that they urge shareholders to reject the proposal – to vote against holding Bitcoin – because they have already carefully considered ‘this topic.’

Now, I find that hard to believe for one very simple reason.

There are very, very few people in this world whom, after having spent a decent amount of time studying bitcoin and learning what it is, then decide against holding it.

And so, with that in mind, there are, I think, one of two reasons why the board is saying this.

The first is that they have not spent the time studying Bitcoin. They may have listened to the wrong people or not put the time in. It could also be an ego issue, as so many on X/Twitter like to point out. But that’s a topic for another day.

The second is that there is another reason entirely, one that I cannot even hope to guess at, but a reason nonetheless. A reason of backdoor deals or political philosophy/policy. With that in mind, it is not a reason based on sound economic policy, for Bitcoin is nothing if not sound.

Regardless of their reasoning, the board has urged their shareholders nonetheless to vote against holding bitcoin. Now we have to wait for the votes to come in that will decide whether Microsoft, a company with a market cap of almost $2.5 trillion, will begin to hold bitcoin on its corporate treasury sheet.

But there’s another interesting factor here that I’d like you to consider. I tweeted it recently. It follows:

Let me clarify what I mean it that tweet.

Microsoft’s move to put it to a vote on whether the company should hold Bitcoin or not is a big one, regardless of the outcome because of two things.

Firstly, it’s Microsoft and because of the fact that the shareholders feel that strongly about it that it has now gone to a vote.

Second, other companies will be watching and listening and game theory will begin to kick in, because with a market cap of 2.5 trillion dollars and the name of Microsoft behind them, when they make moves and decisions, other people and companies take note and listen. Regardless of which way the vote swings, they’ve made it clear that Bitcoin is on their radar.

In light of this, it has also been reported that Microsoft is sitting on around $75 billion in cash. Dollars, which I might remind you, that have lost 50% of their purchasing power in the last 30 years.

So, in order to be prudent and to make decisions based on sound investment policy, that cash needs to go somewhere safe where it can preserve its purchasing power. Failure to do so results in simply holding on to a melting ice cube.

All the while, Blackrock is currently going around the world and telling people to put at least 1% into Bitcoin.

And in my opinion, Microsoft would do well to listen.