Technology Giant Dell Rejected the Bitcoin (BTC) Proposal, SEC Supported!

Dell Technologies, one of the biggest tech companies in the U.S., rejected the proposal to include Bitcoin as a financial asset.

Dell Technologies officially rejected a shareholder proposal suggesting the company consider adding Bitcoin to its treasury strategy.

National Public Policy Research Center (NCPPR) presented a proposal earlier this year, emphasizing that Bitcoin is a hedge against inflation, suggesting that Dell include it in its balance sheet as a financial asset.

In the NCPPR proposal, it was stated that "Bitcoin is a better store of value than bonds or cash in terms of long-term profitability and protection against inflation. Therefore, Dell should consider using Bitcoin instead of cash and bonds".

However, Dell rejected the proposal, arguing that the decision to hold Bitcoin could violate the management's autonomy in asset management and cash management.

"The decision to hold Bitcoin is a decision related to business operations and should be made independently by the board of directors.

Excessive intervention by management in asset management and cash management violates the autonomy of management and the board of directors.

The company sent a request to the SEC to allow the removal of this Bitcoin proposal from the 2025 shareholder meeting, while the SEC supported Dell Technologies.

The SEC stated in a letter it sent that there is nothing wrong with Dell rejecting the offer and withdrawing from the meeting, adding that it will be up to the management to decide what to do with the cash, not the shareholders.