SEC Allows Dell to Exclude Bitcoin Proposal from Shareholders
The U.S. Securities and Exchange Commission (SEC) has allowed Dell Technologies to exclude a shareholder proposal regarding the evaluation of adding Bitcoin to its treasury. Key points include:
- The proposal was made by the National Center for Public Policy Research for the upcoming annual shareholder meeting.
- The SEC classified the request as related to Dell's ordinary business operations.
- This ruling emphasizes that companies can disregard shareholder proposals concerning everyday management, even when they involve crypto.
- As of January 31, 2025, Dell Technologies reported cash and cash equivalents of $3.633 billion on its balance sheet.