Microsoft Shareholders Reject Bitcoin Initiative: A Missed Crypto Boom?

Recently, Microsoft shareholders voted against a proposal to include Bitcoin in the company's balance sheet. The fact that Microsoft's management had previously advised shareholders to reject the proposal makes the decision unsurprising. But what if the proposal had been successful? Undoubtedly, numerous well-known companies would have followed Microsoft's example, leading to a wave of Bitcoin investments across the US corporate landscape. This scenario would have driven the Bitcoin price up and certainly produced some Bitcoin millionaires. Interestingly, Bitcoin shareholder activism is now targeting further goals. The National Center For Public Policy Research, the think tank behind the Microsoft proposal, is already planning the next vote at Amazon in April. Here too, shareholders are to decide whether Bitcoin should be included as a strategic asset in the balance sheet. The recent surge in Bitcoin prices past the $100,000 mark has sparked a positive crypto sentiment, which could grow further under the new US government. Similar considerations might also make other companies ponder. If they don't, a shareholder backlash could potentially occur. This reveals a new dimension in shareholder activism: instead of divestment, a demand for investment. Currently, primarily crypto-related companies like Coinbase Global and MicroStrategy hold larger Bitcoin positions. Exceptions like Tesla also confirm this rule. While Coinbase Global relies on Bitcoin trading as a platform, some biotech companies are now pursuing broader strategic goals: three companies in the sector recently announced plans to each invest one million dollars in Bitcoin. For investors, this means: soon the days might come when hope turns into reality. If Bitcoin shareholder activism achieves further success and more companies invest in Bitcoin, this could cause the Bitcoin price to explode, bringing the vision of becoming a crypto millionaire closer.