In the past few days, Bitcoin has experienced another round of plummeting, with the market facing widespread liquidation. This wave of decline has undoubtedly quickened the heart rates of many 'crypto players,' and at yesterday's annual shareholder meeting, Microsoft shareholders also doused the Bitcoin proposal with cold water.
This proposal was originally put forward by the pro-free market think tank NCPPR, whose core argument is: 'Bitcoin is the next wave of technological innovation, and Microsoft cannot miss out!'
They even played a promotional video, which featured a bunch of data and charts, but the message was clear: 'Bitcoin could allow Microsoft to earn trillions of dollars and reduce shareholder risk!' It sounded like a lesson in 'future financial freedom' for the shareholders.
While everyone was hoping that Microsoft would include Bitcoin on its balance sheet, the Microsoft Board decisively opposed this proposal, stating that Bitcoin's volatility is too 'stimulating' and not suitable for the stability needs of corporate finance.
The Microsoft Board was not swayed by the 'FOMO' sentiment, stating that the company's finances are already well-managed, and that 'Bitcoin's volatility is too high and completely unsuitable for our long-term steady development.' Even more harshly, the board pointed out directly: 'Microsoft already has stable financial processes, so let's stop fixating on this issue!'
After Microsoft shareholders voted down the proposal to hold Bitcoin, Bitcoin fell back below $95,000 during Tuesday's U.S. stock market trading.
According to CoinMarketCap data, the trading price of Bitcoin fell below $94,500 during U.S. midday trading, approaching the intraday low refreshed at the beginning of the Asian market on Tuesday, dropping over $3,800, nearly 4%, from the intraday high above $98,200 in the U.S. morning.
Interestingly, NCPPR is not the first to make such a proposal; they previously threw out similar suggestions to Amazon. It seems that the recent wave of 'giant fluctuations' in Bitcoin has excited many people to want to join in, but Microsoft's emphasis on 'stability' has shown that even tech giants may not dare to easily jump into the deep waters of cryptocurrency.
In the end, shareholders chose to follow the board's advice, voting to reject the proposal. It seems that Microsoft really does not intend to be a 'follower' of Bitcoin, but instead decides to continue moving steadily forward.
Ultimately, although Bitcoin is viewed by some as the 'gold' of the digital age, for a company like Microsoft, whether to 'get involved' with this coin still depends on balancing financial stability and risk management.
Perhaps when the next Bitcoin surge happens or Trump's policies are officially implemented, Microsoft may reconsider: 'Should we dabble in Bitcoin?'
