On December 10, 2024, Microsoft shareholders voted against a proposal to explore investing in Bitcoin, which was put forward by the National Center for Public Policy Research. The proposal aimed to assess whether investing in Bitcoin would benefit shareholders in the long term. Billionaire Michael Saylor supported the proposal, arguing that it could significantly enhance Microsoft's stock value. However, Microsoft's board opposed the proposal, stating it was unnecessary as the company already evaluates various investment options. Microsoft disclosed in a regulatory filing that its Global Treasury team considers a range of assets for diversification and inflation protection. This decision comes in the context of Bitcoin's recent price fluctuations, having recently surpassed $100,000 but declining to about $96,000 by the time of the vote. The rejection of the proposal indicates a cautious approach from Microsoft regarding cryptocurrency investments, despite the growing interest in digital assets among other corporations. [6297d097]