Dell Technologies, one of the largest tech companies in the United States, has rejected the proposal to include Bitcoin (BTC) as a financial asset.
Dell Technologies formally rejected the shareholders’ proposal. This suggested that the company would consider adding Bitcoin to its financial strategy.
The proposal, presented earlier this year by the National Center for Public Policy Studies (NCPPR), suggests that Bitcoin is included as a financial asset on Dell’s balance sheet, highlighting it as a hedge against inflation.
“Bitcoin is a storage that is more valuable and valuable than bonds and cash as a hedge against long-term profitability and inflation. Therefore, Dell should consider using Bitcoin instead of cash and bonds,” NCPPR said in its proposal.
However, Dell refused the offer and argued that the decision to hold Bitcoin could violate the autonomy of management’s asset management and cash management.
“The decision to hold Bitcoin is a business management decision and must be made independently by the board.
Excessive management involvement in asset management and cash management violates management and board autonomy. ”
The SEC supported Dell Technologies when the company filed a request with the SEC to allow this Bitcoin proposal to be removed from the 2025 shareholders meeting.
The SEC said it said there was no problem with Dell rejecting the offer and removing it from the meeting, adding that management, not shareholders, will decide what to do with the cash.
*This is not investment advice.
