Less than 1% of Microsoft (MSFT) Shareholders Voted for Bitcoin (BTC) Proposal

Prediction markets were skeptical that such a motion would pass.

A Securities and Exchange filing shows that less than 1% of Microsoft shareholders voted for a motion to put BTC on the company balance sheet.

This motion was proposed by the National Center for Public Policy Research and promoted by MicroStrategy's Michael Saylor. Only 0.55% of Microsoft shareholders voted for a proposal to put bitcoin on the company's balance sheet, according to aon 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.Sam Reynolds is a senior reporter based in Taipei. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse.

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