Microsoft shareholders on Tuesday voted down a proposal that would've seen the tech giant explore investing in bitcoin as a means of diversifying its assets. The proposal, which was put forward by a conservative think tank known as the National Center for Public Policy Research, would have directed Microsoft's board to conduct an assessment about whether investing in bitcoin to diversify the balance sheet was in shareholders' long-term interests.
Saylor argued in a presentation directed to the Microsoft board and CEO Satya Nadella that the company has a choice between clinging to the past or embracing the future with bitcoin, and said investment in the cryptocurrency is needed to outperform the market. "It's time for Microsoft to evaluate its bitcoin strategic options," Saylor said. His presentation, which was posted to X on Dec.
Past evaluations have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decision making," Microsoft added.