Microsoft shareholders vote against Bitcoin allocation as price drops below $95,000 during trading
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Microsoft shareholders vote against Bitcoin allocation as price drops below $95,000 during trading
The think tank that submitted the proposal to configure Bitcoin believes Microsoft cannot afford to miss the next wave of technological advancement, and Bitcoin represents this wave.
Navigating Web3 tides with focused insightsBy Dan Li, Wall Street Horizon
Despite Bitcoin's strong rally following Donald Trump's U.S. presidential election victory, Microsoft—the tech giant second only to Apple in market capitalization within the U.S. stock market—currently has no plans to allocate funds to Bitcoin.
On Tuesday, December 10, Eastern Time, Microsoft shareholders voted down a proposal calling for the company to consider allocating Bitcoin, citing that Microsoft’s existing strategy already involves evaluating various investable assets including Bitcoin as part of its broader investment framework.
The proposal, titled "Assessment of Investing in Bitcoin," was submitted by the Washington-based conservative think tank National Center for Public Policy Research (NCPPR). The organization argued that Bitcoin is “at least a good—if not the best—inflation hedge.”
NCPPR defined holding Bitcoin as a corporate responsibility to deliver shareholder value through profit diversification. In the opening of a summary video promoting the proposal, it stated:
"Microsoft cannot afford to miss the next wave of technological innovation—and Bitcoin is exactly that wave."
NCPPR believes adopting Bitcoin could create trillions of dollars in value and mitigate shareholder risk. The video echoed points from the formal proposal, noting the growing institutional and corporate adoption of Bitcoin, highlighting that BlackRock, Microsoft’s second-largest shareholder, offers spot Bitcoin ETFs to its clients.
While acknowledging Bitcoin is more volatile than corporate bonds, NCPPR advised against ignoring it entirely and risking shareholder value. Therefore, it recommended allocating between 1% and 5% of Microsoft’s profits toward purchasing Bitcoin. The proposal formally requested Microsoft “conduct an assessment to determine whether diversifying the corporate balance sheet by incorporating Bitcoin is in the long-term best interest of shareholders.”
Following the shareholder rejection of the Bitcoin allocation proposal, Bitcoin fell back below $95,000 during U.S. trading on Tuesday. According to CoinMarketCap data, Bitcoin’s price dropped below $94,500 at midday, approaching the daily low first seen during early Asian trading hours. This marked a decline of over $3,800—or nearly 4%—from its intraday high above $98,200 earlier in the session.
Meanwhile, meme coins extended their declines during the session. Data from CoinMarketCap showed Dogecoin (DOGE), the seventh-largest cryptocurrency by market cap, dropped over 14% in the past 24 hours. Dogwifhat (WIF), ranked 51st in market capitalization, fell more than 20% during the day.
Microsoft Shareholders Reject Proposal to Address AI Risks Such as Misinformation and Data Privacy Breaches
On the same day, Microsoft shareholders also rejected a separate proposal concerning risks associated with artificial intelligence (AI). The proposal called on Microsoft to reduce and disclose risks related to AI, ranging from misinformation to data privacy breaches.
The submitting organization—conservative nonprofit National Legal and Policy Center (NLPC)—argued that shareholders “should be concerned about Microsoft’s record on data ethics,” pointing out allegations that OpenAI, the AI star unicorn heavily backed by Microsoft, has been accused of improperly harvesting users’ personal information without notice or consent.
Tuesday’s AI-related proposal highlighted concerns that Microsoft developers might be using data sourced from unethical or illegal origins—such as personal information, copyrighted works, or proprietary business data provided by users—to train generative AI models.
Commentators noted that the proposal reflects growing investor demand for companies to establish new standards of transparency and ethical guidelines in developing and deploying AI technologies, particularly generative AI, amid the rapid advancement of the field.
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