Proposal rejected: Microsoft shareholders have decisively voted against investing in Bitcoin (BTC), following recommendations from the company’s board. Despite the push from entities like the NCPPR, advocating for an allocation of 1% to 5% of profits into Bitcoin, the shareholders aligned with the board’s cautious stance due to Bitcoin’s volatility.
Institutional investment: Advocates cited institutional interest in Bitcoin, pointing out BlackRock’s moves to include Bitcoin in its offerings. BlackRock, a significant Microsoft shareholder, is proceeding with a Bitcoin ETF. Nonetheless, Microsoft’s board maintained its position on seeking more stable, lower-risk investments, setting aside Bitcoin concerns.
Saylor’s appeal: Michael Saylor, representing MicroStrategy, attempted to sway Microsoft shareholders through a video presentation. He emphasized potential gains of about 200 billion USD had Microsoft invested in Bitcoin earlier. Saylor’s appeal underscored a growing debate on Bitcoin’s role in corporate finance, despite shareholder resistance.