Microsoft Bitcoin Proposal Rejected by Shareholders
Microsoft shareholders voted against Michael Thaler’s proposal to invest in Bitcoin to diversify his portfolio.
The shareholder vote was held on Tuesday, December 12, with a majority of MSFT shareholders voting against the proposal.
Microsoft won’t invest in Bitcoin
Michael Thaler ready A 3-minute speech on December 1 urging Microsoft’s board of directors to add Bitcoin to its investment portfolio. The CEO of MicroStrategy said that Bitcoin is the seventh largest asset in the world and its market value will soon reach $2 trillion.
Less than a week after Thaler proposed, Bitcoin surges to $100,000 milestone As Thaler predicted, the market capitalization reached over $2 trillion. He also predicts that Bitcoin’s market value will reach more than $200 trillion by 2045.
However, these proposals were not enough to convince Microsoft shareholders. As BeInCrypto reported earlier, the company’s board of directors Shareholders warned against the proposalsaying this would increase “unnecessary” risks.
Meanwhile, Microsoft’s stock market rival Amazon is taking a different approach. yesterday, Amazon Stakeholder Proposal Set aside $88 billion in cash reserves to invest in Bitcoin.
This contrasting approach highlights the different strategies adopted by major companies regarding cryptocurrencies as investment assets.
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