In the past few days, Bitcoin experienced another round of sharp declines, causing widespread liquidation in the market. This drop undoubtedly quickened the pulse of many 'crypto players,' while Microsoft shareholders also poured cold water on the Bitcoin proposal at yesterday's annual shareholders' meeting.
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 that featured a bunch of data and charts, but the message was clear: 'Bitcoin can help Microsoft earn trillions of dollars and reduce shareholder risk!' It sounded like a 'future wealth freedom class' for the shareholders.
While everyone expected Microsoft to incorporate Bitcoin into its balance sheet, the Microsoft board decisively opposed the proposal, stating that the volatility of Bitcoin is simply too 'stimulating' and unsuitable for the stability needs of corporate finances.
The Microsoft board was not swayed by the 'FOMO' sentiment, stating that the company's finances are well-managed and that 'the volatility of Bitcoin is too great and completely unsuitable for our long-term stable development.' Even more pointedly, the board directly stated: 'Microsoft already has a stable financial process, so please stop dwelling on this issue!'
After Microsoft shareholders voted down the proposal to hold Bitcoin, the price of Bitcoin fell back below $95,000 during Tuesday's U.S. trading session.
According to data from the CoinMarketCap platform, the trading price of Bitcoin fell below $94,500 during midday trading in the U.S., nearing the intraday low refreshed in early Asian trading on Tuesday, dropping over $3,800 from the intraday high above $98,200 earlier in the morning, a decline of nearly 4%.
Interestingly, NCPPR is not the first to make such proposals; they previously made 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 'steady approach' has shown that even tech giants may not dare to easily jump into the deep end of cryptocurrency.
In the end, shareholders chose to heed the board's advice and voted to reject the proposal. It seems that Microsoft really doesn’t plan to be a 'follower' of Bitcoin, but instead decided to continue moving forward steadily.
Ultimately, although Bitcoin is seen as the 'gold' of the digital age by some, for a company like Microsoft, whether to 'dabble' in this currency still depends on balancing financial stability and risk management.
Perhaps when the next Bitcoin surge occurs or Trump's policies are officially implemented, Microsoft might reconsider: 'Should we get into Bitcoin?'
