PANews reported on October 28 that crypto trader Fred Krueger posted on the X platform that BlackRock owns 7% of Microsoft (MSFT), second only to Vanguard. In addition, BlackRock also holds 8% of MicroStrategy (MSTR). BlackRock will vote on Monday to decide whether Microsoft should study buying Bitcoin.
As a significant shareholder holding approximately 7% of Microsoft's shares, BlackRock typically votes its shares at shareholder meetings. As one of the largest asset management companies, BlackRock actively participates in the corporate governance of its investment companies. They exercise their voting rights on various issues such as board member elections, executive compensation, mergers and acquisitions, and other corporate policies. Their voting decisions follow their duties as fiduciaries, which is to seek the best interests of the clients, the actual owners of the shares they manage.
Earlier news said that Microsoft's December shareholders' meeting will review the Bitcoin investment proposal, and the board of directors recommended a vote against it.
