Microsoft Shareholders Reject Bitcoin Investment Proposal

The tech giant's board and shareholders dismissed a proposal to allocate 1% of assets to Bitcoin, citing volatility concerns.

The proposal to explore Bitcoin investments was submitted by the National Center for Public Policy Research, advocating it as a hedge against inflation.
Microsoft's board recommended rejecting the proposal, emphasizing the need for stability in its corporate treasury strategy.
MicroStrategy's Michael Saylor presented a case for Bitcoin investment, claiming it could significantly boost Microsoft's market value.
Shareholders ultimately voted down the proposal, aligning with proxy advisors who questioned the potential benefits of cryptocurrency investments.
The decision reflects Microsoft's cautious approach to volatile assets, despite rising corporate interest in Bitcoin from companies like Tesla and MicroStrategy.