Microsoft shareholders rejected the strategic Bitcoin investment proposal, citing volatility and financial stability risks. Despite MicroStrategy founder Michael Saylor’s advocacy for Bitcoin investments, the board members opposed the proposal. The decision highlights the company’s skepticism towards Bitcoin, reflecting the views of Microsoft founder Bill Gates, who previously dismissed cryptocurrencies as speculative and risky.
Recently, the National Center for Public Policy Research (NCPPR) introduced a proposal entitled “Assessment of Investing in Bitcoin.” The proposal urged Microsoft to allocate 1% of its total assets, about $784 million, to Bitcoin as a reserve against inflation.
The group posted that Microsoft could diversify its investment portfolio by exploring Bitcoin reserves. They shared a video that pictured Bitcoin as a game-changer that Microsoft shouldn’t overlook. Pointing out major investors like BlackRock, they added that Bitcoin could increase shareholder value and minimize risks. The group said,
The institutional and corporate adoption of Bitcoin is becoming more commonplace. Microsoft’s second-largest shareholder, BlackRock, offers its clients a Bitcoin ETF.
However, the Microsoft board responded negatively, deeming adopting Bitcoin reserves unnecessary. Though considering diversifying Microsoft reserves, they prefer to include more stable and secure choices. In addition, they asserted that the company focuses on AI innovation over crypto investments.
Michael Saylor Acquires 21,550 BTC Holdings Worth $2.1BIn a three-minute presentation to Microsoft, Michael Saylor urged the shareholders to support the proposal. He pinpointed that the company could have amassed 200 billion dollars in capital over the last five years through BTC investment. Nonetheless, the shareholders agreed with the board members’ decision, as they were concerned by the cryptocurrency’s volatile nature and inherent risk.
Meanwhile, Tron founder Justin Sun took to X to share his comments on the matter. According to Sun’s views, Bitcoin’s price of around $97,000 at press time isn’t sufficient for Microsoft to consider it a reserve asset. Instead, he suggested that Microsoft should consider adding Bitcoin as a strategic reserve when its price reaches the staggering $1,000,000 mark.
