Microsoft shareholders reject proposal to add Bitcoin to balance sheet, citing concerns about inflation

From Investing.com

December 10, 2024 4:16:28 pm:

Microsoft shareholders voted against a proposal to add Bitcoin to the balance sheet, citing concerns about inflation. The proposal highlighted Bitcoin’s outperformance of traditional assets, with a 99.7% price increase in the past year. Microsoft’s board opposed the proposal, emphasizing the importance of stable investments and existing evaluation processes for cryptocurrencies.

The rejection of the proposal reflects Microsoft’s cautious approach towards cryptocurrency in its investment strategy. Despite Bitcoin’s potential for high returns, the company prioritizes stability and risk management in its asset allocation decisions. Microsoft’s board stated that thorough evaluations of investable assets, including cryptocurrencies, are already conducted to safeguard shareholder value against inflation.

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