Microsoft's board of directors has decided not to approve the proposal to include Bitcoin in its corporate reserves, arguing that the company has already carefully evaluated this option and considers its implementation unnecessary at this time.
Despite this denial, the Bitcoin community remains optimistic about the possibility of Microsoft adopting the market-leading cryptocurrency in the near future.
Hedge fund manager James Fastish, said in X that Microsoft's Board of Directors “will soon regret its negative recommendation” on the shareholders' proposal to invest in Bitcoin, and that the company will eventually buy Bitcoin at a much higher price than the current one.
At the time of writing this article, Bitcoin price is trading at around $95.000, with a slight 3% drop in the last hours.
Microsoft says it is already evaluating investment in Bitcoin
This rejection in the preliminary votes, as reported by several sources, although disappointing for many Bitcoin and cryptocurrency enthusiasts, has not discouraged the spirit of those who see Bitcoin as a valuable and strategic asset. Microsoft's decision has been interpreted as another stage in a process of continuous evaluation, where the company continues to monitor market trends and the development of cryptoassets.
The company's board has argued that it is already carefully considering exposure to Bitcoin, deeming evaluation of the cryptocurrency as a treasury asset unnecessary.
Source: CoinMarketCap
Despite this decision, the growing interest and importance that Bitcoin has gained as a reserve asset in both the institutional and governmental spheres is undeniable, leading many to point out that Microsoft may reconsider its stance in the future. The crypto community is keeping an eye on these moves and is confident that, over time, the company will be able to recognize the potential of the leading cryptocurrency as a refuge against inflation and a viable option to diversify its assets.
Future prospects of the crypto ecosystem
Despite Microsoft’s denial, it is indisputable that Bitcoin has gained importance as an institutional and government reserve asset. More and more companies and governments are recognizing its value as a hedge against inflation and a viable alternative within financial strategies. This growing adoption of Bitcoin by financial institutions and corporations reinforces its position as a respectable asset in the global economic landscape.
As such, the crypto community sees this rejection as an opportunity to continue the dialogue about Bitcoin’s relevance in modern finance. Over time, Microsoft is likely to reconsider its stance, as interest in cryptocurrencies continues to grow. Hope remains among Bitcoiners, who believe that eventually, Microsoft could join the trend of institutional adoption that is transforming the financial market.
