McDonald's is also considering buying Bitcoin reserves? Shareholder proposal: The long-term potential of real estate is far less than BTC, management responded.

McDonald's will hold a shareholder meeting next month, and the company's shareholder, the National Center for Public Policy Research, recently proposed to buy bitcoin as a reserve asset, but the proposal does not seem to be accepted by the company's management. (Synopsis: Micro Strategy added another $580 million to "buy nearly 7,000 BTC" and exceeded 500,000 BTC, and Strategy jumped 10%) (Background supplement: GameStop learns Micro Strategy to buy Bitcoin!) 1.3 billion magnesium convertible bonds will be issued, and the stock price will fall 22%) The National Center for Public Policy Research, a conservative think tank in the United States and a shareholder of McDonald's, a global leader in the fast food industry, recently submitted a proposal suggesting that McDonald's follow the lead of some technology companies and consider adding bitcoin to the company's balance sheet, which it hopes will be discussed at the annual shareholders' meeting expected in May. Conservative Think Tank Advises: Real Estate's Long-Term Potential Is Far Inferior to Bitcoin The National Center for Public Policy Studies laid out its views in its proposal letter, citing former McDonald's CFO and president Harry Sonneborn's famous statement that "McDonald's is widely regarded as a real estate company that happens to sell burgers." The think tank believes that while real estate has always been seen as a more reliable store of value than cash and bonds, its long-term appreciation potential is far less than that of bitcoin and it is less liquid. The proposal further warns: "As more and more companies add bitcoin to their balance sheets, if McDonald's does not follow suit, it will fall behind in the areas where it once led." McDonald's held reservations, and the SEC agreed not to discuss the proposal, however, McDonald's legal representatives apparently had reservations about the proposal. They recently sent a letter to the U.S. Securities and Exchange Commission (SEC) seeking confirmation from regulators as to whether the SEC's corporate finance department will not take any enforcement action if the company decides not to publicly discuss the bitcoin purchase proposal at the upcoming shareholders' meeting. It is understood that the SEC explicitly replied at the end of last month that they agreed that McDonald's has the right to exclude the proposal from the agenda of the annual general meeting. In explaining its position, the SEC stated, "We believe that the proposal relates to the ordinary business operations of the company," and based on this view, the SEC said: Therefore, if a company relies on this ground to omit a proposal from its proxy letter materials, we will not recommend enforcement action by the Commission. In simple terms, the SEC considers decisions about a company's specific investments or asset allocations (such as whether to buy bitcoin) to be classified as management's day-to-day operations, rather than material matters that must be submitted to a shareholder vote. This means that McDonald's management may not raise the discussion of whether to buy bitcoin next month.... The Wave of Businesses Embracing Bitcoin We know that shareholders asking companies to buy Bitcoin is not new. Since Strategy founder Michael Saylor made buying and holding bitcoin in large quantities a core strategy of the company, "bitcoin reserves" have become a compelling trend and helped the company's stock price grow significantly. Recently, we also hear from time to time that new companies have bought bitcoin as corporate reserves; Of course, not all companies are flocking to this, and at the shareholders' meeting of technology giant Microsoft (Microsoft) at the end of last year, a shareholder proposal to invest 1% of the company's total assets in bitcoin was ultimately rejected after an initial vote by Microsoft's board of directors. As cryptocurrencies become more mainstream, whether and how to incorporate digital assets into corporate financial strategies in the future will presumably be a question that major companies around the world need to think about. McDonald's response and the SEC's ruling also provide important reference cases for other companies facing similar situations. Related Stories Shenyu Article" MicroStrategy MSTR's Bitcoin Leverage Game: Who Takes the Risk, Who Profits? Bitwise launched the "Bitcoin Concept ETF" to track more than 1,000 BTC listed companies, micro strategies, mining companies, game companies... Top 10 constituents at a glance Micro Strategy plans to issue another $2 billion of corporate bonds to increase bitcoin, but corporate tax risk is increasing. Shareholder proposal: Real estate has far less long-term potential than BTC, and management responded〉This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".