McDonald’s rejects shareholders proposal for Bitcoin reserve

The rapid food chain of international fame excluded from its annual meeting an proposal presented by conservative shareholders, who propose that the company invest in Bitcoin as a reserve, as many others are doing.

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• McDonald’s decided to exclude investment proposal Bitcoin at your annual meeting.
  
• Shareholders wanted the company to adopt BTC as a value reserve.
• The company ruled out this proposal, and requested advice from the Sec on the subject.
• The Sec He indicated that there should be no measures to the agency to refuse to consider investment in Bitcoin.

At the rate of growing institutional interest in Bitcoin, A group of conservative shareholders of the popular fast food franchise, McDonald’s, He proposed that the company acquire cryptocurrency for the creation of a strategic reserve.

However, recently published reports indicate that the company decided not to submit the suggestion to discussion at its next annual meeting, a decision that was backed by the US stock and values ​​commission. UU. (SEC).

The proposal for a reservation Bitcoin in McDonald’s

The petition was driven by the National Center for Public Policy Research (NCPPR)a conservative investment group that has actions of the famous fast food chain. As exposed in its proposal letter, the group considers that the adoption of Bitcoin It would better position the company in front of its competence and protect its treasury from inflation.

The central argument of NCPPR the thing is McDonald’s Not only is it a restaurant chain, but also a company with a wide real estate portfolio. They cite Harry Sonneborn, former financial director and president of the company, who defined the company as “A real estate that sells hamburgers.”

The letter suggests that, although real estate has traditionally been a solid value reserve, Bitcoin It has greater liquidity and potential for long -term appreciation. In the words of NCPPR:

“Real estate will not be seen with time as much as Bitcoin will do, and they are not so liquid.”

In addition, the signatories indicated that more and more companies are including BTC In their balances. They warned that, yes McDonald’s This trend does not follow, it could be lagging behind other innovative companies in the market.

The idea that large corporations incorporate Bitcoin In his balances it is not new. Michael Saylor, through his technological firm Strategy, popularized this strategy when buying thousands of BTC Since 2020, generating strong growth in the value of its treasury.

More recently, Gamestop He announced that he had raised USD $ 1.5 billion with the aim of acquiring Bitcoin. However, not all initiatives have had support. In December 2024, the shareholders of Microsoft They voted against a similar proposal.

The renewed business interest in BTC It was strengthened after the electoral victory of former president Donald Trump in November, which promoted the price of cryptocurrency to a new historical maximum.

Intervention of the Sec and support a McDonald’s

After receiving the proposal, McDonald’s requested guidance to Sec To know if she was obliged to include the issue on the agenda of your annual shareholders meeting, scheduled for May. In their consultation, the lawyers of the company requested confirmation that there would be no legal actions if they omitted to discuss the proposal publicly.

On March 28, the Corporate Finance Division of the Sec He responded affirmatively, indicating that the proposal was related to the ordinary commercial operations of the company. Therefore, They would not recommend any compliance action if McDonald’s He decided to exclude the issue of his voting materials.

“In our opinion, the proposal is related to the ordinary operations of the company,” expressed the Sec in your letter. “We will not recommend compliance actions to the Commission if the proposal is omitted.”

Without intention of discussing cryptocurrencies, for now

The pronouncement of the Sec gives you to McDonald’s A clear legal exit to avoid getting involved in cryptocurrency debates in the context of its corporate governance. It also reinforces the separation between initiatives of some shareholders and the company’s financial strategy.

In the short term, it seems that the fast food giant does not intend to explore the crypto universe. However, with more companies adding Bitcoin To its reservations, and with new pricelessness, the pressure could return in future assemblies.

As to Bitcoin, The main digital currency has been subject to strong volatility these days, precisely associated with the situation that the main share markets live, this is due to the imposition of new commercial tariffs on a large number of economies by the US.

At the time of editing, the price of Bitcoin It is located at USD $ 83,811 per unit, a figure that translates into a 5.42% increase in the last 24 hours.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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