PANews on December 11 reported that, according to Jinshi, the voting results showed that Microsoft's major shareholders on Tuesday opposed the company's Bitcoin investment proposal. The Microsoft board had earlier urged shareholders to reject a proposal from the National Center for Public Policy Research, which suggested the company invest 1% of its total assets in Bitcoin to hedge against inflation. At the annual meeting, MicroStrategy chairman Michael Saylor gave a three-minute speech trying to convince Microsoft shareholders to support this proposal. His company has invested billions of dollars in Bitcoin. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.
