Microsoft’s decision to steer clear of Bitcoin and keep its balance sheet traditional wasn’t just calculated, it was ruthless in its precision. On December 10, the tech giant’s shareholders torched a proposal to sink 1% of its $78 billion cash reserves into Bitcoin.
So keep your eyes on Bitcoin shareholder activism. Microsoft had a chance to make a momentous decision about Bitcoin and passed on the opportunity. But if you're a Bitcoin investor, there's no need to worry. In just a few months, Amazon will be the next big company with a chance to vote on Bitcoin adoption.
Explore seven bold predictions for crypto in 2025, from Bitcoin’s global impact to the rise of ETFs, DeFi and stablecoins, and more.
Microsoft shareholders strongly opposed a recent proposal for the company to invest part of its assets in Bitcoin.
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MicroStrategy founder Michael Saylor made headlines in June 1998 when his stock surged over 70% on its debut, benefiting from the dot-com boom. In024, Saylor was back in the spotlight, urging Microsoft to invest over $70 billion cash reserve into Bitcoin,
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Microsoft shareholders overwhelmingly rejected a proposal to invest in Bitcoin, with less than 1% voting in favor during the annual general meeting. Activist investors had advocated allocating part of Microsoft's cash reserves to Bitcoin,
Saylor spoke on behalf of the National Center for Public Policy Research’s Free Enterprise Project, which sent a nearly identical proposal to Amazon ( AMZN) and may do the same with other corporations, according to Ethan Peck, deputy director of the shareholder activist group, according to Bloomberg.