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Despite Microsoft’s rejection of a proposal to invest in Bitcoin, another major company is reportedly negotiating a similar proposal.
The National Center for Public Policy Research (NCPPR), a non-partisan think tank, has filed a proposal with the Securities and Exchange Commission (SEC) that would require companies like MicroStrategy to set aside 5% of their cash reserves for investments in cryptocurrencies, including Bitcoin. The proposal is seen as an effort to increase awareness about the potential benefits of cryptocurrency investing.
While Microsoft’s shareholders voted overwhelmingly against assessing Bitcoin investing, the NCPPR remains committed to its mission. In a statement, the think tank emphasized that it has not received any financial contributions from any cryptocurrency-focused groups.
The rejection by MicroStrategy’s shareholders is seen as a setback for proponents of mainstream adoption of cryptocurrencies like Bitcoin. However, the NCPPR’s proposal suggests that there are still opportunities for significant investments in the space.
As reported earlier, only a small percentage of chief financial officers (CFOs) believe that Bitcoin could serve as a store of value, reflecting the prevailing skepticism towards cryptocurrency investing among corporate leaders.
Source: u.today
