McDonald's shareholders 'Bitcoin proposal was rejected, and the US SEC ruled that the company had the right not to discuss it
Internet reports that according to disclosure documents from the U.S. Securities and Exchange Commission (SEC), McDonald's has formally refused to discuss the proposal to purchase Bitcoin at its May shareholders meeting. The controversy began with a proposal by the National Center for Public Policy, a conservative think tank and company shareholder, that suggested McDonald's follow MicroStrategy and include Bitcoin on its balance sheet as a store of value. Documents show that McDonald's legal team filed an application with the SEC in March to confirm compliance with the "proposal not to discuss." The SEC made it clear in its reply on March 28 that the proposal involves the company's daily operating decisions and that according to regulatory rules, McDonald's has the right to exclude it from the agenda of the shareholders 'meeting. This incident once again triggered discussions on the allocation of cryptographic assets by enterprises. Since Trump's election victory in 2024 pushed Bitcoin to a record high, many listed companies have faced similar shareholder proposals, but the degree of corporate adoption has varied significantly-game retailer GameStop announced in March this year that it would raise US$1.5 billion to purchase Bitcoin, while Microsoft shareholders voted to reject similar proposals in December last year.
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