Not ready for crypto? While others like Strategy We choose Bitcoin (BTC), some very large companies have (yet) dared to take the plunge. In recent months, Microsoft shareholders, Amazon et Meta (Facebook) have thus rejected the idea of building a BTC Strategic Reserve for their business cash. Cointelegraph analysts have recently tried to explain these refusals.
The key points of this article:
The shareholders of Microsoft, Amazon and Meta rejected the idea of constituting a strategic reserve in Bitcoin for their business cash.
Cointelegraph analysts identified four main reasons for this refusal, including the volatility of Bitcoin and regulatory uncertainty.
Since Strategy, formerly Microstrategy, began to accumulate bitcoins in August 2020many other companies have followed his example. However, even if the king of cryptos has become very popular, there is still a lot of reluctance to adopt it as value reserve. In a recent analysis, Cointelegraph wanted to decipher the reasons for rejection by shareholders of Microsoft, Amazon et Meta Build a stock of BTC. It is more precisely the most recent refusal, that of the group of Mark Zuckerberg (whose negative vote dates from early June), which has been studied here. For Cointelegraph analysts, there is thus 4 main reasons who led a majority of Mera shareholders not to want Bitcoin in the company's cash (for the moment anyway).
Volatility, risk of regulatory changes, … BTC is only done for daring
This is a summary and commented quote from Cointelegraph's work to try toexplain this fear to adopt Bitcoin as reserve assets:
Volatility concerns. Although it decreases over time, the volatility of the BTC courses remains important. This high price fluctuation would be reflected in the quarterly results of the listed company (whose accounts must be published regularly). In good, as in difficulty.
Regulatory uncertainty. Digital asset regulations are fast approaching (especially in the United States with the Genius Act), but the Bitcoin sector is still, at this moment, without clear and consistent regulations in many jurisdictions. However, listed companies do not like the idea of legal and tax rules that can change along the way.
Priority given to the activity of the company. The shareholders of the largest technological companies seem » favor predictability and stability ». What comes back to » Focus on their core business From the listed company, rather than «letting yourself be distracted» by speculative assets.
Fiduciary responsibility : companies must find a balance between theinnovation and their commitment to their shareholders. The legal obligation of » Manage assets responsible «It would not be compatible with Bitcoin, which some» consider as a speculative investment ». Boards of directors «fear to fail this duty» and prefer to «adopt an approach prudent and wait -and -see ». Cointelegraph (commented summary)
In very summary, it should therefore be not be chilly To dare Bitcoin's adventure. Thus, these are often loss of speed that suddenly reorients themselves on Bitcoin because, in a sense, They have nothing or little to lose To try their luck with the precious but volatile cryptocurrency. What is Not at all the case of tech giant Like Microsoft, Amazon and Meta. If these listed companies were to invest at the wrong time in Bitcoin, at the top of the market, it could cost them very dear (much more than the loss of value of the BTC in question). But let us bet that the smartest, during the next lower cycle, will reconsider Certainly the idea of having a little bitcoin side. Especially with whole countries that constitute strategic reservations of BTC.