TechFlow reported on December 11 that, according to Bloomberg, Michael Saylor, co-founder of MicroStrategy, proposed during Microsoft's virtual shareholder meeting that the company consider adding bitcoin to its balance sheet—a proposal that was ultimately rejected by shareholder vote. The resolution requested the board assess whether including bitcoin on the balance sheet would be in the long-term interest of shareholders. Saylor, speaking on behalf of shareholder advocacy group FEP (Free Enterprise Project), predicted that bitcoin's market capitalization could grow from $2 trillion to over $200 trillion within 21 years, and emphasized that bitcoin has outperformed Microsoft's stock by a factor of 10.
Notably, Ethan Peck, deputy director of FEP, revealed that the group would have withdrawn the proposal if Microsoft CEO Nadella had agreed to a one-hour private meeting with Saylor, but the request was declined. Eswar Prasad, professor of trade policy at Cornell University, stated that given the favorable outlook for the cryptocurrency industry under the Trump administration, it would be reasonable for companies to allocate a small portion of their reserves to digital assets. Currently, FEP has already submitted a similar proposal to Amazon and may extend such initiatives to other corporations in the future.
