According to Decrypt, Microsoft shareholders strongly opposed the proposal to invest in Bitcoin on Tuesday, despite the asset being described as an effective hedge against inflation. Only 0.55% of shareholders supported the proposal to buy and hold Bitcoin. According to Microsoft's annual investor relations report, 28.234 million Microsoft shareholder votes were in favor of the proposal, while 5.148 billion votes against it overwhelmingly dominated, with 22.6 million abstentions. Although the majority of shareholders rejected the proposal, Microsoft acknowledged that the company should assess the benefits of holding at least 1% of Bitcoin assets.