Under 1% of Microsoft’s investors voted in favor of the BTC initiative.

Prediction markets correctly doubted Microsoft’s potential embrace of bitcoin.

A mere 0.55% of Microsoft (MSFT) shareholders voted in favor of a proposal to allocate 1% of the company’s assets to bitcoin (BTC), according to a recent SEC filing.

The proposal, put forward by the National Center for Public Policy Research, argued that bitcoin could act as an effective hedge against inflation. However, Microsoft’s board opposed the motion, highlighting bitcoin’s price volatility and emphasizing the company’s preference for traditional, stable investments. Advocates for the proposal, including Michael Saylor, pointed to MicroStrategy’s successful bitcoin strategy and argued that Microsoft’s $200 billion in dividends and buybacks could be better utilized with BTC exposure.

Other shareholder motions, such as those addressing the risks of misinformation linked to artificial intelligence and the ethical concerns of weapons development, also failed to garner sufficient votes.

On platforms like Polymarket, traders had set a low probability—between 12% and 16%—for the bitcoin proposal’s approval, aligning closely with the eventual result.

  • Related Posts

    Bitcoin, Ether, and XRP Confront Key September Test Following Largest Whale Distribution in Years

    Bitcoin, Ether, XRP Face September Test Amid Largest Whale Distribution in Years Bitcoin (BTC) held just below $112,000 on Monday as traders weighed the market’s largest whale sell-off in over…

    Continue reading
    DOGE Gains 3% to Reclaim $0.26, Eyes $0.30 Resistance

    Dogecoin Rebounds Above $0.26, Eyes $0.30–$0.40 on Strengthening Momentum Dogecoin (DOGE) surged back above $0.26 in early Sunday trading, recovering from Saturday’s dip to $0.248. The bounce followed a mid-session…

    Continue reading