Majority of Microsoft Shareholders Vote Against Bitcoin Investment

In a significant move on Tuesday, major shareholders of Microsoft Corporation voted against a proposal that suggested the company invest 1% of its total assets in Bitcoin as a hedge against inflation.

The proposal, brought forward by the National Center for Public Policy Research, was met with opposition from the company's board of directors, who urged shareholders to reject it. During the annual meeting, MicroStrategy Chairman Michael Saylor, a notable Bitcoin investor, delivered a three-minute presentation in an attempt to sway Microsoft shareholders in favor of the proposal.

Data from Wall Street Zen indicates that the largest shareholders of Microsoft Corporation are institutional investors, including Vanguard Group and BlackRock Inc.