The U.S. Securities and Exchange Commission (SEC) has granted Dell Technologies permission to exclude a shareholder proposal that would have required the tech giant to evaluate Bitcoin as a potential treasury reserve asset.
The proposal, submitted in January by the National Center for Public Policy Research (NCPPR), urged Dell’s board to consider whether adding Bitcoin to its balance sheet would benefit shareholders.
The NCPPR cited Dell’s early experimentation with crypto payments, growing institutional adoption of Bitcoin, and inflation concerns as core reasons for their request. They also referenced BlackRock’s recent endorsement of a 2% Bitcoin allocation as further support.
However, Dell pushed back, filing a no-action request with the SEC through law firm Hogan Lovells. The company argued that investment strategy decisions fall under management’s authority and that the proposal constituted improper shareholder micromanagement. Dell also emphasized that the resolution sought to mandate a specific financial action, which exceeded shareholder purview.
The SEC agreed, stating that the proposal relates to Dell’s “ordinary business operations.” As a result, the agency will not recommend enforcement if Dell excludes the proposal from its 2025 proxy materials, effectively ending the push for a formal Bitcoin evaluation at the company.
The decision signals continued regulatory support for corporate discretion on Bitcoin adoption, even as some shareholders call for greater crypto exposure at major U.S. firms.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/sec-approves-dells-request-to-block-shareholder-bitcoin-proposal/