Microsoft Shareholders Reject Bitcoin (BTC) Investment Proposal: Only 0.55% in Favor

On December 12, COINOTAG reported that Microsoft has faced significant resistance from its shareholders regarding a potential Bitcoin (BTC) investment. According to a recent filing with the U.S. Securities and Exchange Commission, only a mere 0.55% of shareholders supported a proposal advocating for the inclusion of Bitcoin in Microsoft’s balance sheet. The motion, introduced on November 10 by the National Center for Public Policy Research, suggested that the tech giant allocate 1% of its total assets to BTC as a prudent measure against potential inflation. This lack of backing indicates a cautious sentiment among investors concerning the volatile nature of cryptocurrency. The rejection of this proposal highlights the ongoing debate within corporate America about the viability of integrating digital currencies into traditional financial frameworks and the challenges that companies face in aligning their strategies with the evolving crypto landscape.