SEC Lets Dell Skip Bitcoin Proposal from Shareholders
The SEC has allowed Dell Technologies to exclude a shareholder request that would have pushed the company to consider Bitcoin as a treasury reserve asset.
The U.S. Securities and Exchange Commission has ruled that Dell Technologies can leave out a shareholder proposal asking the board to assess whether adding Bitcoin to its treasury would benefit shareholders. The proposal, submitted by the National Center for Public Policy Research, was intended for the company’s next annual shareholder meeting.
The SEC determined the request was related to Dell's ordinary business operations, meaning the company can legally exclude it without facing enforcement. This decision reinforces the regulator’s stance that companies are not required to consider or act on shareholder suggestions that fall into the realm of day-to-day management—even if they involve emerging financial strategies like crypto.
As of January 31, 2025, Dell Technologies reported cash and cash equivalents totaling $3.633 billion on its balance sheet.
