Microsoft shareholders rejected a proposal from the National Center for Public Policy Research (NCPPR) that recommended the company invest 1% of its assets in Bitcoin to serve as a hedge against inflation. During the company's annual meeting, the shareholders rejected the vote, aligning with the board of directors' recommendation.
Michael Saylor, the president of MicroStrategy, took the chance to present at the meeting, aiming to convince Microsoft shareholders of Bitcoin's advantages. Saylor emphasized his company's significant investments in cryptocurrency, promoting it as a safeguard against economic uncertainties and inflation. Nevertheless, the proposal was turned down because the board opposed the idea, contending that Bitcoin's volatility threatened the company's financial stability.
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