Despite being championed by billionaire investor Michael Saylor, the proposal garnered only 0.55% of votes in favor, leaving it firmly unapproved.<\/p>\n
The pitch, presented by the National Center for Public Policy Research at Microsoft\u2019s annual shareholder meeting, was aimed at encouraging the tech giant to follow the example set by Saylor\u2019s company, MicroStrategy. MicroStrategy has significantly increased its exposure to Bitcoin<\/a><\/strong>, with its stock price soaring almost 500% this year, largely due to the company\u2019s aggressive cryptocurrency purchases.<\/p>\n Saylor, who co-founded MicroStrategy and now serves as its executive chairman, has been vocal about his belief that Bitcoin represents the future of technology and finance. In his presentation, Saylor highlighted the cryptocurrency\u2019s impressive returns\u201462% annually between August 2020 and November 2024\u2014compared to Microsoft\u2019s 18% and the S&P 500\u2019s 14%. He argued that Microsoft could substantially boost its stock price by converting its cash reserves into Bitcoin.<\/p>\n