Microsoft Shareholders Reject Bitcoin Reserve Plan, Citing Volatility Concerns

Microsoft shareholders have voted down a proposal for the company’s board to consider investing in Bitcoin, at the firm’s annual meeting on December 10.
Microsoft’s board had formally recommended to shareholders that they oppose the proposal, explaining that it had already considered and ruled out Bitcoin as an investment.
The proposal came from the conservative think tank, the National Center for Public Policy Research — a group known for its climate change denialism and link to Project 2025.
In a result that will come as a surprise to no one — other than perhaps the most die-hard Bitcoin maxis — Microsoft shareholders have voted against a proposal that the company’s board consider investing in the OG cryptocurrency. The vote came during Microsoft’s annual meeting held on December 10.

The no vote follows the Microsoft board’s formal shareholder recommendation to oppose the proposal, which stated it had already carefully considered investing in Bitcoin and decided it was too volatile.

The proposal to invest in Bitcoin came from the conservative think-tank, the National Center for Public Policy Research (NCPPR), which is more well known for its advocacy work on climate change denialism