In recent months, billionaires Bitcoin Investor Michael Thaler tries to convince Microsoft Used some of the more than $78.42 billion in cash and cash equivalents on its balance sheet to buy Bitcoin.
The strategy has been a lucrative one for Thaler and the company he co-founded, Micro strategies. The company’s shares have risen more than 410% this year, and as of December 8, the company held approximately 423,650 Bitcoins, with its holdings valued at more than $42.3 billion when Bitcoin was trading around $100,000. MicroStrategy acquired the shares for a total consideration of approximately $26.5 billion, according to the company.
This balance sheet approach is now being applied to the Nasdaq 100 Index and the major ETFs that track it, such as Invesco QQMicroStrategy was included in the technology stock index on December 23.
However, Thaler is trying to convince Microsoft and its shareholders to convert cash flow, dividends, buybacks and debt into Bitcoin – he supports the conservative think tank the Free Enterprise Project, which submitted a shareholder proposal to Microsoft and submitted a similar proposal to Microsoft proposal. Amazon ——Almost passed. At the company’s annual meeting on December 10, only 0.55% of the vote was in favor of the plan. Microsoft, along with proxy advisers Glass Lewis and Institutional Shareholder Services, are recommending shareholders reject the proposal before the vote.
Even as Bitcoin surges, companies and their shareholders are taking a more conservative stance, and that’s reflected in the latest reports. CNBC Finance Ministers Council The quarterly survey was released Thursday. When asked about their views on Bitcoin, 78% of respondents said Bitcoin is a highly speculative asset class, while only 7% said it is a reliable store of value.
But in terms of overall acceptance, cryptocurrencies are making some headway among CFOs. Notably, 11% of treasurers in the fourth-quarter survey said Bitcoin is a fraud, a significant decrease from questions asked in previous CNBC Council of Treasurers surveys.
In 2017, 28% of finance chiefs said this was fraud. When asked the same question in 2021, 19% said it was fraud.
In this latest survey, the proportion of respondents who have no opinion of Bitcoin as a fraud, store of value or speculative asset class fell from 30% in 2017 to just 4%.
The CNBC CFO Quarterly Survey reflects a sampling of the views of CFOs across markets and industries, with 27 respondents in the fourth-quarter survey conducted December 9-16.
According to statistics, there are 3 listed companies holding more than 10,000 Bitcoins Bitcoin Tracking Website Bitcoin Treasures. — MicroStrategy, marathon numbersand Anti-riot platform. Other crypto industry companies such as Coin Library and cloggedalso reveals cryptocurrency holdings.
However, few non-cryptocurrency-focused public companies disclose any holdings— TeslaIn 2021, the company bought $1.5 billion in Bitcoin, becoming one of the lone exceptions — even as Bitcoin has surged in price this year and gained increasing attention in the political landscape.
Microsoft is ahead of many companies in its cryptocurrency considerations. It is said that in October Agency filing 其財務和投資服務團隊先前評估了比特幣和其他加密貨幣，為公司營運提供資金並降低經濟風險，並補充說，該公司「將繼續監控與加密貨幣相關的趨勢和發展，為未來的決策提供information”.
The company also noted at the annual meeting that it began accepting cryptocurrency payments from customers in 2014.
The vast majority of respondents to CNBC’s Council of Finance Ministers quarterly survey said their companies neither hold Bitcoin or any cryptocurrency, nor do they accept either form of payment.
It’s unclear how much the company’s strategy will change in light of the Trump administration’s actions. President-elect Trump made a number of pro-cryptocurrency campaign promises, including advocating for a national strategic Bitcoin reserve, a goal now being pushed by the Texas House of Representatives.
Earlier this month, Trump told CNBC’s Jim Cramer at the New York Stock Exchange: “We’re going to do great things with cryptocurrencies because we don’t want China or anybody else… But others are embracing it, and we want to be ahead of the curve.
Thaler continued to advocate for Bitcoin and cryptocurrencies during an appearance on CNBC’s “Money Movers” on Monday and called on the U.S. government to allow U.S. banks and businesses to issue U.S. dollar-backed tokens.
“The great opportunity for the United States is to issue a world reserve digital currency,” he said.
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