In December, Michael Saylor, executive chairman of Microstrategy, presented to the Microsoft board. Saylor argued that Microsoft should put part of its treasury funds in bitcoin. (Author’s note: I currently do not hold bitcoin or any other cryptocurrency.) A large majority of the company’s shareholders voted down the proposal.
That this measure was even put forth to a shareholder vote is significant, though. Although companies such as Tesla and others already hold bitcoin on their balance sheets, Microsoft is a U.S. stock market bellwether and could sway other corporations to copy its move.
