Topic: Amazon, Microsoft Consider Buying Bitcoin—Other Big Tech Could Follow Suit. (Read 159 times)

I don't believe any of these big organization's will buy Bitcoin just yet until Donald Trump is swon in and they see him making good on his campaign promises about Bitcoin, but it is normal for them to start studying Bitcoin and  how best they can get involved as it is looking like American government will also be buying. They generally follow the tune of the government of the US, so if the president is pro Bitcoin, then most of this big institutions will follow and when reverse is the case, they will stay away because no one want to stand against the government of the day to avoid sanctions and penalties. So all you are seeing are just the Trump's effect.

I don read the news wey you post, and i see say the reason for the rejection na volatility, we know say bitcoin dey volatile, but institutional investors dey invest for the long term, so volatility no dey too affect dem, because BTC dey perform well well in the long run.

That being said, na their decision, nothing spoil; an acceptance would have been good for both parties, but it is what is it. Adoption still dey grow and more companies go buy bitcoin next year.

This would have been an awesome development if these two tech giant (Apple & Microsoft) had invested in Bitcoin, because 5% Is literally not a huge sum of money that they can't afford far back when Microstrategy started with Bitcoin at a less cheaper rate, and most especially now that we are already in the bullish market, while intend to invest and hold for long term. Because this would have definitely been a win win for both parties if APPLE had integrated a feature to enable easy buying and selling of Bitcoin in all it's device on Coinbase, as that would have increased the adoption of Bitcoin and also a means of revenue for apple, as they charges a small fee to execute transactions between users.

From what I gathered, none of the mentioned companies are even considering purchasing bitcoin yet. Their shareholders are submitting requests, but the board of directors are yet to see those requests as relevant. Microsoft maintains that it has other effective means of diversifying their investments.

The hopes are low, perhaps until one or more of their board of directors members start seeing the potential of bitcoin and validating the importance of these companies holding some little percentage of their assets in bitcoin. We hope it happens soon and it would mean so much positives for bitcoin. Maybe in the near future, most of the major tech companies would learn from MicroStrategy and Tesla and hold some percentage of their reserve assets in bitcoin.

We all know what it means, the price would surge really higher and that means more profits for we investors when major tech companies push some of their billions and hundreds of millions into investing in bitcoin.

Eventually they will buy at the prize that they deserve.

Next up is Amazon. I hear that we will know the decision of the shareholders during their meeting in April 2025. I think time is what will make the difference here, I don't know if Microsoft had given sufficient time for their shareholders to make a decision or if they did it under duress.

Well, a lot of things will change in the bitcoin landscape by that time which may positively or negatively influence their decision.

In a tweet yesterday, Microsoft shareholders rejected a proposal to add bitcoin to the bitcoin balance sheet.

 
https://x.com/Cointelegraph/status/1866530259035885672?t=8Y3mf7hA9BpBMK4e_oRNRA&s=19

Check out some more articles on Microsoft Rejecting Bitcoin Proposal.

1. https://cryptobriefing.com/microsoft-rejects-bitcoin-balance-sheet/
2. https://www.binance.com/en/square/post/12-10-2024-microsoft-shareholders-reject-bitcoin-proposal-17387632843842
3. https://www.cnbc.com/2024/12/10/michael-saylor-case-for-microsoft-buying-bitcoin-gets-rejected-.html
4. https://cointelegraph.com/news/microsoft-shareholders-vote-no-bitcoin-reserve
5. https://bitcoinist.com/microsoft-shareholders-reject-bitcoin-proposal/  

That was swift! Microsoft shareholders voted no on adding Bitcoin to the balance sheet, citing volatility as a key worry; this is particularly disheartening given how much they have invested in IT over the years.One would assume they would know enough about Bitcoin and cryptocurrency in general, but they don't. Now we're looking forward to the others.


The decision they made today will cost them higher in the next 5 years or more  when they finally return to buy Bitcoin X2 of the current price today. Those of us that reject the chances of buying Bitcoin earlier before now are paying the price for our bad decision.

It's not easy as you may think as to why they haven't gotten the idea of accumulating since 2009 Bitcoin existed. Eventually, everyone will get amazed why now, why now. The real truth is that big companies doesn't work like sole corporations where actions are taken immediately. Board of directors will need to deliberate in every matter before it would be passed into consideration, which may take some couple of years before approval, so don't expect it to work faster like you may be thinking.

Microsoft shareholders vote ‘no’ on Bitcoin reserve

You can read the news from here: https://cointelegraph.com/news/microsoft-shareholders-vote-no-bitcoin-reserve

I also saw the news on other news platforms.

Microsoft shareholders voted against adding bitcoin to the company’s balance sheets during the firm’s annual meeting on Dec. 10 which was today.

E go really push the price up wella. I no know if them go add bitcoin as mode of payment oh, dem no talk am for the article, e be like say they are more focused on using bitcoin as a hedge against inflation. Dem wan buy am, come hodl am as part of their reserve assets, from a bitcoiner persective, e go make more sense if dem go make am payment option, make we dey hope say that one go come later.

Let's hope for them to pass the shareholders voting. I guess it was supposed to be today for Amazon; if it goes as planned, then they will begin tapping into the network and take their own fair share of profit.
 
It's really amazing and sometimes funny to see how these companies have been existing, and yet they are still waiting for the right time to start seeing the good in bitcoin, and then they could have been the major actors in what could have been referenced as major profit takers in bitcoin for holding and buying from the early stage.

Microsoft and Amazon buying Bitcoin would literary push the price over the moon more than what we're currently seeing. It also means they will start accepting Bitcoin as mode of payment too.


It's obvious they clearly do not owe a Bitcoin yet, those companies are owned by many shareholders and all company assets are declared online, it's only in Nigeria that companies keep their record book hidden from public.

I think it's very possible for them to buy Bitcoin. As we can see big cooperations are now getting Bitcoin so I don't think they would want to be left out although Bitcoin is decentralized we may not truly know if they as a company doesn't yet own some Bitcoin but what ever the case maybe I don't think it's impossible.
But yes if they make Bitcoin an option in their transaction system it would be great for the general adoption of Bitcoin because people wants to put their Bitcoin to use.

E make sense well well oh, i don already read the news and as i read am, body sweet me well well i no go lie for you. No be coincidence say big big companies come dey like bitcoin, dem don see say bitcoin make sense well well and dem gats join the train or be left out. Next year many institutions go add bitcoin to their portfolio or dem go make am strategic reserve, all these things go make bitcoin price rise like mad and adoption go choke too.

I thought they are actually considering buying Bitcoin which at first I said "impossible.
But if they are adding BTC as part of it's portfolio for transactions and the rest I really do think it would be a big leap for Bitcoin.

Its never too late for them to join the train, there is enough room to accommodate them in a decentralized network like bitcoin, we look to seeing more other yielding to the same tune and help themself by the adoption of bitcoin, those that have already adopted bitcoin and invested must have been sharing the Goodnews to them, while this bullrun is another convincing factor that can aid and quickens their decision.

Amazon shareholders have submitted a proposal urging the technology giant to explore adding Bitcoin (BTC) to its portfolio.

The move comes ahead of Microsoft shareholders voting on including the world’s largest digital asset in its balance sheet – sparking speculation on whether other Big Tech companies will follow suit.

Amazon Proposes Bitcoin Purchase

On Friday, Dec. 6, Amazon shareholders published a proposal calling for the conglomerate to consider holding a minimum of 5% of its assets in Bitcoin.

“Though Bitcoin is currently a volatile asset – as Amazon stock has been at times throughout its history – corporations have a responsibility to maximize shareholder value over the long-term as well as the short-term,” the proposal read.

Shareholders said that diversifying the balance sheet with Bitcoin will solve the problem of maximizing shareholder value “without taking on too much volatility.”

The proposal highlighted the success of MicroStrategy, a U.S. tech giant currently holding the largest corporate Bitcoin portfolio, with 402,000 coins valued at approximately $40 billion.

According to Bloomberg data, the company’s Bitcoin holdings are larger than the assets and cash of some of the world’s largest firms, including Nike and IBM.

Microsoft To Vote On Bitcoin

The proposal to Amazon comes ahead of Microsoft’s shareholders vote on whether the tech giant will diversify with Bitcoin on Tuesday, Dec. 10.

In a proposal filed by the National Center for Public Policy Research (NCPPR), a conservative think tank, argued that Bitcoin was an “excellent, if not the best, hedge against inflation.”

The think tank claimed institutional adoption was becoming more “commonplace” through spot Bitcoin ETFs.

NCPPR added that Microsoft should invest at least 1% of its total assets into cryptocurrency.

However, Microsoft’s board of directors has remained firmly against the proposal, claiming it has already considered Bitcoin and other cryptocurrencies.

“…Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decision-making,” the company wrote.

The board called the requested public assessment “unwarranted” and claimed the company already had “strong and appropriate processes to manage and diversify” its investments.

Could Big Tech Follow Suit With Bitcoin?

Some Big Tech firms are already leaning into Bitcoin and the wider crypto industry more than others.

Apple is reportedly planning to purchase $250 million worth of Bitcoin by the end of 2024 as the iPhone maker explores crypto integration into its products.

The tech giant announced a partnership with crypto exchange Coinbase last week to enable customers to use Apple Pay for purchases.

In a 2022 interview, Apple CEO Tim Cook said he had been personally holding Bitcoin for three years, sparking possibilities of a crypto crossover in the company.

Source.
https://www.ccn.com/news/business/amazon-microsoft-consider-bitcoin-big-tech-follow-suit/