Author: Tristan Greene, CoinTelegraph; Compiled by: White Water, Golden Finance

Microsoft shareholders voted against the resolution to include Bitcoin on the company's balance sheet at the company's annual meeting on December 10.

The National Center for Public Research (NCPPR), a pro-free market think tank based in Washington, D.C., proposed the resolution, which sees it as a corporate responsibility to provide value to shareholders through profit diversification.

NCPPR submitted a pre-recorded video outlining their proposals, which was played at the shareholders' meeting. The video, which begins with "Microsoft can't miss the next technology wave, and Bitcoin is that wave," is filled with charts and numbers showing the potential value of holding Bitcoin.

Promise in stating the case: Bitcoin adoption will create trillions of dollars in value and “eliminate” shareholder risk. The footage reflects views previously expressed in the text of its resolution:

“Institutional and corporate adoption of Bitcoin is becoming increasingly common. BlackRock, Microsoft’s second-largest shareholder Offer its clients a Bitcoin ETF ”

The proposal does note that Bitcoin is “more volatile” than corporate bonds and therefore advises against holding “too much” but also advises against “ignoring Bitcoin entirely.” currency".

As a result, NCPPR recommends using 1% to 5% of company profits to purchase Bitcoin. The proposal formally asks Microsoft to "conduct an evaluation to determine whether diversifying the company's balance sheet by including Bitcoin is in the best long-term interests of shareholders."

In a filing with the U.S. Securities and Exchange Commission (SEC) ), the Microsoft board of directors formally recommended against this proposal. In its speech, the board called the proposal "unnecessary" and said the company had "carefully considered this topic."

“As the proposal itself states, volatility is a factor to consider when evaluating cryptocurrency investments for enterprise financial applications that require stable and predictable investments to ensure liquidity and operations Funding."

Much of the proposal appears to be based on a "fear of missing out" or "FOMO" mentality. The proposal cites MicroStrategy and BlackRock as incentives to adopt Bitcoin.

On December 1, Microsoft’s board of directors listened to a three-minute speech by Michael Saylor, who was optimistic about Bitcoin. He claimed that if Microsoft fully invested in Bitcoin, its market value could increase by nearly 10%. 5 trillion US dollars.

“Microsoft cannot afford to miss the next technology wave, and Bitcoin is that wave,” Thaler said in his pitch for Microsoft to convert its cash flow, dividend payments, debt and stock buybacks into Bitcoin currency.

However, Microsoft's board of directors was unmoved ahead of the vote. Microsoft Director"Microsoft has strong and appropriate processes in place to manage and diversify the company's capital for the long-term benefit of shareholders, and requiring a public evaluation is unwarranted," the company wrote in the SEC filing. In the filing, the board acknowledged that MicroStrategy’s operations are similar to its own, but declined to extend the comparison to the two companies’ different approaches to the emerging cryptocurrency market.

According to preliminary results, shareholders voted against the resolution and adhered to the board’s guidance against the adoption of Bitcoin.

The NCPPR think tank submitted a similar proposal to Amazon on December 8, which will be considered at the company’s April 2025 shareholder meeting.

NCPPR stated in the promotion that the 4.95% consumer price index inflation rate is rapidly eroding Amazon’s $88 billion in cash and short-term cash equivalents. Bitcoin can hedge this risk and protect shareholder value.