In a recent shareholder meeting, Microsoft investors overwhelmingly rejected a proposal to consider investing in Bitcoin, with only 0.55% voting in favour. The proposal, initiated by the National Center for Public Policy Research, suggested that Microsoft allocate 1% of its total assets to Bitcoin as a hedge against inflation. Despite support from prominent figures like MicroStrategy's Michael Saylor, who advocated for the investment strategy, Microsoft's board recommended against the proposal, citing the volatility of cryptocurrencies and the company's focus on stable investments.

The vote reflects a broader reluctance among major corporations to embrace Bitcoin as part of their financial strategies. Microsoft currently holds approximately $78.4 billion in cash and marketable securities, and its management maintains that they continuously evaluate various investment options without committing to Bitcoin. Following the announcement of the vote results, Microsoft shares remained relatively stable at around $446, while Bitcoin experienced a slight decline, dropping about 4% in value. This decision underscores many traditional companies' cautious approach toward cryptocurrency investments amidst ongoing market fluctuations.