During Microsoft's annual shareholders' meeting on December 10, shareholders voted against a resolution proposed by the National Center for Public Policy Research (NCPPR), a public policy think tank based in Washington D.C., to add $BTC a to the company's balance sheets.
In its resolution, the NCPPR argued that it was Microsoft's corporate duty to provide value to its shareholders through benefit diversification, and that the adoption of Bitcoin would be a way to achieve this.
To support its proposal, the NCPPR presented a pre-recorded video during the shareholders' meeting. In this video, the group claimed that incorporating Bitcoin into Microsoft's balance sheets would create "billions in value" and "eliminate risk" for shareholders. They also pointed out that institutional and corporate adoption of Bitcoin is becoming increasingly common, citing as an example that BlackRock, Microsoft's second-largest shareholder, offers its clients a Bitcoin exchange-traded fund (ETF).
However, despite these arguments in favor of Bitcoin adoption, Microsoft shareholders ultimately voted against the resolution proposed by the NCPPR.
