Microsoft shareholders voted against allocating Bitcoin, causing the price to drop below $95,000 during trading.

The think tank proposing the allocation of Bitcoin believes that Microsoft cannot miss the next wave of technological trends, which Bitcoin represents. They suggested using 1% to 5% of Microsoft's profits to purchase Bitcoin and include it on the company’s balance sheet. Due to Bitcoin's greater volatility compared to company bonds, they advised against holding too much. The cryptocurrency market saw an expanded decline, with Meme coins like Dogecoin experiencing double-digit drops. Microsoft shareholders also rejected proposals to reduce risks associated with misinformation and data privacy breaches related to AI.

Even though Bitcoin surged after Trump was elected President, the tech giant Microsoft, which currently holds a significant market cap in the U.S. stock market, has not considered allocating Bitcoin.

On December 10, Tuesday, Eastern Time, Microsoft shareholders voted down a proposal regarding the allocation of Bitcoin, citing that Microsoft's existing strategy is already assessing various investable assets, including Bitcoin, as part of Microsoft's broader investment framework.