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Microsoft shareholders have opted to decline a proposal to explore Bitcoin as part of the company’s investment strategy, despite an attempt by MicroStrategy's CEO, Michael Saylor, to advocate for the cryptocurrency.
The decision effectively halts any plans to integrate Bitcoin into Microsoft’s treasury reserves.
The proposal, which aimed to assess the potential benefits of diversifying into Bitcoin, would not have resulted in an immediate investment but would have initiated a deeper examination of the idea. MicroStrategy, known for its aggressive Bitcoin acquisition strategy, has seen its stock skyrocket by nearly 2,500% since it began accumulating the cryptocurrency in 2020. However, Microsoft’s shareholders ultimately decided against following a similar path.
In 2024, Bitcoin has continued to attract significant attention across the financial world, especially following Donald Trump’s re-election in November. While interest in cryptocurrencies has surged, the response from major corporations remains cautious. Microsoft’s rejection of the proposal underscores this hesitancy, signaling that the tech giant is not ready to adopt Bitcoin at this time.
The motion, put forth by the National Center for Public Policy Research, argued that adding Bitcoin to Microsoft’s $78.4 billion cash reserves could serve as a hedge against inflation. During the shareholders’ meeting, Saylor made a brief presentation highlighting the potential advantages of Bitcoin adoption, citing his own company’s success as an example. Despite his efforts, Microsoft’s leadership chose to steer clear of such an investment for now.
Attention now shifts to other corporate giants like Amazon, which have hinted at similar possibilities. Whether they will embrace Bitcoin or take a more conservative stance like Microsoft remains to be seen.
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