Microsoft shareholders voted against adding Bitcoin to its balance sheet, citing volatility and alignment with existing corporate strategies.
NCPPR Advocates for Microsoft Bitcoin Adoption
The proposal, submitted by the National Center for Public Policy Research (NCPPR), argued that investing 1%–5% of Microsoft’s profits in Bitcoin would diversify the company’s portfolio and hedge against inflation. The think tank cited examples like MicroStrategy and BlackRock as proof of Bitcoin’s growing adoption.
“As the proposal itself notes, volatility is a factor to consider in evaluating cryptocurrency investments for corporate treasury applications that require stable and predictable investments to ensure liquidity and operational funding.”
Microsoft Board Opposes Bitcoin Reserve
Microsoft’s board recommended against the proposal, emphasizing the importance of stable and predictable investments. The board stated that while it evaluates various asset classes, Bitcoin’s volatility makes it unsuitable for corporate treasury purposes.
Shareholder Vote Outcomes
Despite efforts by Bitcoin advocates, including a speech by MicroStrategy’s Michael Saylor suggesting Bitcoin could increase Microsoft’s market cap by $5 trillion, shareholders sided with the board’s guidance. Preliminary results confirmed the resolution was rejected.
Broader Implications for Corporate Crypto Adoption
The vote underscores the ongoing hesitation among major corporations to integrate Bitcoin into their financial strategies. While the NCPPR plans to push similar proposals with companies like Amazon in the future, broader adoption hinges on regulatory clarity and cryptocurrency market stability.
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