Less than 1% of Microsoft Shareholders Voted for BTC Proposal

Only 0.55% of Microsoft (MSFT) shareholders voted for a proposal to put bitcoin (BTC) on the company’s balance sheet, according to a <a href=”https://www.coindesk.com/markets/2024/12/08/frame-microsoft-shareholders-decide-against-adding-bitcoin-to-its-treasury-bitcoin-dumps” target=”_blank”>recent company filing</a> with the Securities and Exchange Commission.

The proposal to add bitcoin to Microsoft’s balance sheet was <a href=”https://www.coindesk.com/markets/2024/12/08/frame-microsoft-shareholders-decide-against-adding-bitcoin-to-its-treasury-bitcoin-dumps” target=”_blank”>put to a shareholder vote</a> on November 10 and was put forward by the National Center for Public Policy Research, which recommended that Microsoft allocate 1% of its total assets to BTC as a potential hedge against inflation.

Microsoft’s board opposed the proposal, citing Bitcoin’s volatility and favoring stable investments, despite Michael Saylor’s pitch highlighting MicroStrategy’s success and Microsoft’s $200 billion capital outflow from dividends and buybacks.

Some of the other proposed shareholder motions, which would have directed the company to produce a report on AI and Misinformation/Disformation, as well as another which would highlight the risks of weapons development did not pass.

Prediction markets were skeptical that Microsoft would make a move to adopt the digital asset, with <a href=”https://polymarket.com/event/will-microsoft-shareholders-vote-for-bitcoin-investment” target=”_blank”>Polymarket bettors</a> giving it a 12-16% chance of the motion being ratified.

Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]