Microsoft confirms rejection of BTC proposal! Netizens cry out: Can shareholders sue? They will definitely regret it!

Shareholder voting results are out! Microsoft stays out of BTC assets

According to the previous report of 'encryption City', global technology giant Microsoft voted at the shareholders' meeting on whether to invest in BTC. The proposal, put forward by the conservative think tank National Center for Public Policy Research (NCPPR), advocated that Microsoft should allocate about 1% of its total assets to BTC to counter potential inflation risks. Despite having $78.4 billion in cash and liquid assets, Microsoft is considered capable of buying a large amount of BTC. However, the shareholders ultimately chose to align with the board's position and did not agree to this plan.

The proposal, named 'Assessment of BTC Investment', was previously exposed in the documents submitted to the Securities and Exchange Commission (SEC) of the United States, triggering high follow in the market. However, the Microsoft board has been advising shareholders to vote against it from the beginning, citing the huge fluctuations in BTC and its unclear prospects, which are not in line with the company's conservative investment strategy. After the voting results were announced, the Microsoft stock price (MSFT) fluctuated around $446 within minutes of the announcement, with no significant change.

Source: Google Finance Microsoft's stock price has fluctuated after the announcement.

Despite the intervention and persuasion of senior evangelists, it is still difficult to shake Microsoft's decision.

To seek shareholder support, Michael Saylor, a well-known BTC evangelist and founder of MicroStrategy, specifically explained the advantages of BTC in a 3-minute presentation. He emphasized that MicroStrategy's stock price has experienced a big pump of 25 times since adopting BTC as part of its asset allocation four years ago. He further pointed out that if Microsoft had not used dividends and stock buybacks to handle funds in the past five years, but instead invested some of the funds in BTC, it could have avoided a 'loss of $200 billion capital appreciation opportunity'.

Nevertheless, the board's opposition did not change due to Saylor's lobbying, indicating that Microsoft still highly values the stability and predictability of asset allocation internally. Compared to embracing high-risk, unverified BTC on a large scale, Microsoft chooses to maintain traditional investment portfolios and risk management strategies.

Image source: Annual Shareholders Meeting 2024 MicroStrategy founder Michael Saylor specifically outlined the advantages of BTC in a 3-minute presentation.

Community shock, netizens dissatisfied, market observations continue to be bearish?

After the announcement, the price of BTC once again came under pressure, falling by about 4% to around $95,700. Many BTC supporters expressed disappointment and anger on social media platforms, with some netizens threatening to consider legal actions and claiming that Microsoft will regret its conservative decision. However, from an overall perspective, the BTC price has been fluctuating after reaching new highs recently, and the market is increasingly cautious about the involvement of major corporations in this industry.

From the results, Microsoft, as expected by the board, chose not to venture into BTC assets. This move may help maintain its solid image in industry strategy, but it may also miss out on the potential long-term growth opportunities in the encryption currency market. Whether more companies will be brave enough to try encryption asset allocation in the future will be the focus of the market's attention, and Microsoft's decision this time has left a deep mark in the technology finance industry.

[Disclaimer] The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are applicable to their specific situation. Investment based on this article is at your own risk.

Microsoft confirms rejection of BTC proposal! Netizens shout: Can shareholders sue? Will definitely regret! This article was first published in 'encryption city'.