LTP News Sharing:
Washington, D.C. — Today, shareholder activists with the National Center for Public Policy Research’s Free Enterprise Project (FEP) will present Microsoft shareholders with a proposal (Proposal 5) – the first of its kind – asking the company to consider adding Bitcoin to its balance sheet.
MicroStrategy Chairman and popular Bitcoin advocate Michael Saylor will present the proposal on FEP’s behalf at Microsoft’s annual shareholder meeting, which will be held virtually today at 8:30am PT. Saylor shared the presentation with his millions of followers last week on X (Twitter), and then discussed it on CNBC and Fox News, building more momentum for today’s vote.
Proposal 5 requests that the Board of Directors consider diversifying their balance sheets with assets that appreciate more than bonds, even if those assets are more volatile in the short-term. In its supporting statement, FEP argues that Bitcoin is an excellent – if not the best – hedge against inflation, while corporate bond yields are less than the true inflation rate. Companies should not risk shareholder value by ignoring Bitcoin altogether. At a minimum, companies should evaluate the benefits of holding some percentage of assets in Bitcoin.
Advancing the adoption of Bitcoin fits squarely within FEP’s focus of getting corporations out of politics and back to generating revenue for their shareholders. Currently, almost every corporation in America – including Microsoft – is failing to adequately address the massive problem of corporate assets losing value due to inflation. As the most inflation-proof asset on Earth, Bitcoin can fix this.
Additionally, the concept of free enterprise generally requires tamper-proof, stable money that’s not easily manipulated by the whims of politicians. In short, enterprise with a government-issued currency can never truly be free enterprise.
FEP, the original and premier opponent of the woke takeover of American corporate life, aims to push corporations to respect their fiduciary obligations and to stay out of political and social engineering. More information about this proposal can be found in FEP’s mobile and web app, ProxyNavigator.
About
The National Center for Public Policy Research, founded in 1982, is a non-partisan, free-market, independent conservative think-tank. Ninety-four percent of its support comes from individuals, less than four percent from foundations and less than two percent from corporations. It receives over 350,000 individual contributions a year from over 60,000 active recent contributors. Contributions are tax-deductible and may be earmarked for the Free Enterprise Project. Sign up for email updates at https://nationalcenter.org/subscribe/.
Follow us on Twitter at @FreeEntProject and @NationalCenter for general announcements. To be alerted to upcoming media appearances by National Center staff, follow our media appearances Twitter account at @NCPPRMedia.
Author: The National Center