At a recent shareholder meeting, Microsoft faced a proposal to allocate 1% of its total assets to Bitcoin as a safeguard against inflation. The proposal, however, received minimal support, with only 0.55% of shareholders (28.23 million votes) backing it. This equates to a significant majority voting against, as 5.148 billion votes opposed the plan.
The suggestion came from the National Center for Public Policy Research, advocating Bitcoin investment to counteract inflation. Nonetheless, Microsoft’s board of directors stood firm in their recommendation against the idea, citing the well-documented volatility associated with Bitcoin as a primary concern that influenced their stance.
Source: blockonomi.com ↗