Microsoft (MSFT) shareholders rejected the agenda proposed by the National Center for Public Policy Research to add Bitcoin to the company’s balance sheet, following the board’s recommendation to shareholders to vote against it. The decision also aligns with the company’s current strategy of evaluating a diverse range of investable assets as part of its broader investment framework.
The National Center proposed an “Assessment of Investing in Bitcoin” at the Microsoft’s shareholder meeting on Tuesday, promoting the top cryptocurrency as a deterrent against inflation. If the vote had passed, it would have signaled shareholder optimism for additional direct investments and confidence in Bitcoin.
Currently, MicroStrategy (MSTR) and Tesla (TSLA) have made significant investments in Bitcoin, with MicroStrategy holding around 402,000 coins, representing about 2% of the total Bitcoin supply, valued at approximately $40 billion. Additionally, on Monday, Amazon (AMZN) shareholders proposed that the company shift at least 5% of its balance sheet to this cryptocurrency.
Furthermore, Bitcoin recently surpassed the $100,000 mark, driven by support from prominent figures such as US President-elect Donald Trump and Russian President Vladimir Putin.
Ultimately, the proposal was not approved. Microsoft’s voting result remains aligned with Bill Gates’ criticism, as the Microsoft co-founder has consistently expressed concerns over cryptocurrencies’ speculative nature and potential risks.
