Microsoft shareholders reject Bitcoin treasury proposal

• Microsoft shareholders voted against the proposal, which aimed at the fact that the technology giant Bitcoin should include in its balance sheet.
• The vote on Tuesday, December 10, 2024, followed the proposal of the National Center for Public Policy Research and, after the founder and chairman of Microstrategy, Michael Saylor, in a presentation to the introduction of a Bitcoin Finance Ministry.

On December 10, details of the vote indicated that the Microsoft shareholders had rejected the proposal-which means that one of the most valuable companies in the world is not able to include BTC in his cash register in the foreseeable future. Microsoft will not take the time to examine the opportunity to include the largest cryptocurrency in its diversified portfolio after market capitalization.

Saylor, whose company began after a shopping frenzy that was the largest company owner of Bitcoin in 2020, said last week that Microsoft had the potential to increase its market capitalization to increase trillion dollars when investing in the digital flagship asset.

Microstrategy acquired another 21,550 BTC worth $ 2.1 billion on December 9, which corresponds to a total prey of 423,650 BTC, which was bought for about $ 25.6 billion.

The Microsoft board asked the shareholders to reject the proposal

The proposal "Assessment of Investing in Bitcoin" by the National Center for Public Policy Research supported an investment of 1 % of Microsoft's assets in BTC. According to the proposal, the company should have weighed up whether a diversification with Bitcoin to secure against inflation was in the best interest of the shareholders.

Saylor held a three -minute presentation in front of the board of Microsoft and the chairman and CEO Satya Nadella. The Bitcoin bull explained why this approach would have been the right thing for the company.

The preliminary results of the shareholder vote mean that Microsoft could take over this strategy at a time when the BTC Prize will be significantly higher than the current $ 97,000. The company's board had asked the shareholders last month to reject the proposal.

Despite the result of the voting result Some in the crypto industry are optimistic, which means to make such a suggestion. The National Center for Public Policy Research Amazon has also remarkably presented a similar proposal.