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Microsoft’s upcoming annual shareholder meeting will feature a pivotal vote on whether to incorporate Bitcoin into the tech giant’s investment strategy. A shareholder advisory board has pushed for a detailed evaluation of Bitcoin’s role in Microsoft’s treasury operations, despite the board of directors advising against it due to concerns about the cryptocurrency’s volatility and the adequacy of current asset assessments.
The directors have expressed reservations, citing the need for financial stability and the unsuitability of volatile assets like Bitcoin in maintaining liquidity and operational funding. Microsoft’s established Global Treasury and Investment Services team continuously reviews a diverse range of assets, including those offering inflation protection and has previously considered digital assets in its risk management protocols.
Despite internal caution, the discussion at the December 10 meeting highlights growing institutional interest in cryptocurrency. As the debate around corporate crypto adoption intensifies, this proposal stands out among other agenda items, reflecting the evolving landscape of corporate finance in the era of digital currency.
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Solana could be seeing a substantial change in who benefits from the blockchain being built.
A proposal from Jito’s DAO would send 3% of all maximal extractible value (MEV) tips collected by the protocol to the DAO treasury and to TipRouter, an in-house program developed for Jito’s forthcoming restaking platform.
Jito Labs has also pledged to reduce its own tip share from 5% to 3%, meaning 6% of all Jito MEV tips would be taxed under the new program, up from 5% currently. The proposal estimates the fee switch would generate $22.8 million in annual revenue for the recently-formed Jito DAO.
MEV…
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