Microsoft shareholders voted against Michael Saylor’s proposal to invest in Bitcoin to diversify its portfolio.

The shareholder vote took place on Tuesday, December 12, and the majority of the MSFT shareholders voted against the proposal. 

Microsoft Won’t be Investing in Bitcoin

Michael Saylor prepared a 3-minute presentation on December 1, urging the Microsoft board to add Bitcoin to its portfolio. The MicroStrategy CEO said Bitcoin is the seventh largest asset in the world, and its market cap will soon reach $2 trillion.

Less than a week after Saylor’s proposal, Bitcoin soared to its $100,000 milestone and, as Saylor had predicted, achieved over a $2 trillion market cap. He also projected that Bitcoin would reach over $200 trillion in market cap by 2045. 

However, these proposals weren’t enough to persuade Microsoft’s shareholders. As BeInCrypto reported earlier, the company’s board cautioned shareholders against this proposal, saying that it would add “unnecessary” risks.

“Microsoft shareholders reject the proposal for a strategic Bitcoin reserve. In 5 years, they’ll understand. Everyone buys Bitcoin at the price they deserve. BTC doesn’t wait. It simply transfers wealth to those who see,” Saylor posted on X (formerly Twitter)

Meanwhile, Microsoft’s stock market competitor, Amazon, is taking a different approach. Yesterday, Amazon’s stakeholders proposed allocating $88 billion of its cash reserves to invest in Bitcoin. 

This con

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Author: Mohammad Shahid