Solely 0.55% of Microsoft (MSFT) shareholders voted for a proposal to place bitcoin (BTC) on the corporate’s stability sheet, in keeping with a current firm submitting with the Securities and Alternate Fee.
The proposal so as to add bitcoin to Microsoft’s stability sheet was put to a shareholder vote on November 10 and was put ahead by the Nationwide Heart for Public Coverage Analysis, which advisable that Microsoft allocate 1% of its whole property to BTC as a possible hedge towards inflation.
Microsoft’s board opposed the proposal, citing Bitcoin’s volatility and favoring steady investments, regardless of Michael Saylor’s pitch highlighting MicroStrategy’s success and Microsoft’s $200 billion capital outflow from dividends and buybacks.
A few of the different proposed shareholder motions, which might have directed the corporate to provide a report on AI and Misinformation/Disformation, in addition to one other which might spotlight the dangers of weapons improvement didn’t go.
Prediction markets had been skeptical that Microsoft would make a transfer to undertake the digital asset, with Polymarket bettors giving it a 12-16% probability of the movement being ratified.
