Key Takeaways
- Microsoft shareholders voted against adopting Bitcoin in treasury.
- The proposal suggested allocating 5% of assets to Bitcoin for inflation protection.
- Companies like Tesla and MicroStrategy have adopted Bitcoin successfully.
Microsoft shareholders have decided against the adoption of a Bitcoin treasury strategy, as proposed during the tech giant’s annual meeting on Tuesday.
This aligns with the company board’s October recommendation urging shareholders to reject the proposal.
A U.S. Securities and Exchange Commission (SEC) filing noted that Microsoft’s management already evaluates financial strategies carefully.
Despite this, the National Center for Public Policy Research had pushed for the move, suggesting that allocating 5% of the company’s assets to Bitcoin could help safeguard shareholder value against inflation.
MicroStrategy, one of the largest Bitcoin holders among publicly listed companies, was cited as a success story during the meeting. Its chairman, Michael Saylor, has become a prominent advocate for Bitcoin adoption, presenting a Bitcoin investment strategy to Microsoft’s board earlier this year.
MicroStrategy holds 423,650 Bitcoin, valued at over $40 billion, and has significantly increased its stock price by incorporating Bitcoin into its operations.
Other major companies like Tesla, which holds nearly $1 billion in Bitcoin, have similarly embraced the asset.
While the push for Bitcoin adoption continues in corporate circles, Microsoft remains cautious for now.
