Microsoft Shareholders Overwhelmingly Reject Bitcoin Investment Proposal

Only 0.55% of shareholders supported allocating 1% of Microsoft's assets to Bitcoin, citing concerns over volatility despite arguments for its inflation-hedging potential.

Microsoft shareholders voted decisively against a proposal to invest 1% of the company's assets in Bitcoin, with 5.148 billion votes opposing it and just 28.234 million in favor.
The proposal, initiated by the National Center for Public Policy Research, argued that Bitcoin could serve as an effective hedge against inflation and highlighted MicroStrategy's success with Bitcoin holdings.
Microsoft's board of directors recommended rejecting the proposal, citing Bitcoin's volatility and the need for stable investments to protect shareholder value.
Michael Saylor, chairman of MicroStrategy, made a brief presentation to Microsoft’s board advocating for the proposal, emphasizing Bitcoin’s potential as a tangible asset for corporate balance sheets.
While the proposal was rejected, Microsoft stated it would continue monitoring cryptocurrency trends and evaluating potential future investment opportunities.