Historic mistake: Microsoft rejects to add bitcoin to their balance sheet.

Z-tight

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Quote from: headingnorth on December 12, 2024, 01:40:10 PM

Microsoft are going to look really stupid when bitcoin goes to $150K+ next year. Heads are going to roll in the board of directors. Shocked

I am pro-BTC, but i don't think so, they know BTC has the potential to grow and rise in price before they rejected the proposal of adding it to their balance sheets. I was actually expecting an acceptance, because different institutions are now beginning to see the potential in BTC that most of us saw many years ago, and so i expected Micorsoft to join that list. They might change their mind later, but i don't think it would be because BTC rose to '$150k'.

headingnorth

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NO SHITCOIN INSIDE

Microsoft are going to look really stupid when bitcoin goes to $150K+ next year. Heads are going to roll in the board of directors. Shocked

MS is worried about public perception now, but you can be sure that public perception will quickly turn against them for missing such a massive opportunity.

Wexnident

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Weird how they're still not seeing it lol. Were they not expecting much from Bitcoin after the decade of positive growth it's shown already? Or is it because of how they think that that's the limit? Pretty sure the shareholders are going to eat their words if we see a really good year for Bitcoin next year lol. Which I imagine would happen. I mean just look at now, Despite reaching 100k we aren't really seeing that many weak hands pushing the market down. Heck we're even back up to 100k again. While I don't expect that big of a growth compared to the past, it's still a growth for investors with big amounts of money that would lead them to profit.

Apocollapse

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Wow surprisingly we have a bad news during bull season.

After they rejects the proposal, Bitcoin price went down, but now it's get back to $100K and may likely break new ATH.

They might think $100K for Bitcoin is too high because the hype around is about Bitcoin to reach $100K, but the bull season isn't yet ends.

In the next year where Bitcoin might reach $150K or $200K, they will regret with this decision they made.

BlackHatCoiner

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Microsoft shareholders just put their money where their mouth is. Let's see how long it will take until they revise this decision after Apple, Amazon and Meta adds bitcoin to their balance sheet. They definitely never copy the decisions made by other Big Tech! Grin

Quote from: PrivacyG on December 11, 2024, 02:03:42 AM

They are likely not putting any Money into Bitcoin because it does not benefit them, their image or their Corporation in any way.

We're in the middle of a digital transformation, and Microsoft stands to benefit significantly by riding this wave, given their deep involvement in various technological innovations. They just don't get it. They view it as a speculative financial instrument. (The majority of shareholders, not the board.)

FortuneFollower

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Quote from: Outhue on December 12, 2024, 04:05:58 AM

I am satisfied with the idea that Microsoft isn't buying Bitcoin now, they will do it some other time, because if we have all popular companies buying Bitcoin now who will buy in 2029-2030?

At this time in the future we will be expecting the next bull market to hit, some new buys will be needed to create some fresh excitement, leave Microsoft out of it, Black rock and MicroStrategy are more than enough already for this season.

Also this is the first time we have a president who is interested in Bitcoin, so many good news happened between 2023 and 2024, we are good for now.

Maybe you are on it.
But most of us I think would still love to see MS going into BTC.
However, it would be really nice to see them in another cycle too. So no worries, just a bit of regret for their lost opportunity.

Outhue

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I am satisfied with the idea that Microsoft isn't buying Bitcoin now, they will do it some other time, because if we have all popular companies buying Bitcoin now who will buy in 2029-2030?

At this time in the future we will be expecting the next bull market to hit, some new buys will be needed to create some fresh excitement, leave Microsoft out of it, Black rock and MicroStrategy are more than enough already for this season.

Also this is the first time we have a president who is interested in Bitcoin, so many good news happened between 2023 and 2024, we are good for now.

Taskford

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Quote from: LogitechMouse on December 11, 2024, 04:37:13 AM

Quote from: Poker Player on December 10, 2024, 12:15:47 PM

They will end up buying it later, more expensively, and after other large companies do so.

https://x.com/Cointelegraph/status/1866530259035885672?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
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I don't know if it's just me, but I have this feeling that they rejected to add some Bitcoin to their balance sheet because we are approaching or on a bull run season (depending on how you see the market).

Maybe after a few months or when we enter the bear market season, these shareholders will be at the opposite side and maybe, just maybe they will add it into their balance sheet. I don't know it's just me, but overall, it's just pure stupidity that they rejected it. Maybe these shareholders are an avid follower of either Dan Pena or/and Peter Schiff. Maybe they can't understand the concept of Bitcoin since they're old enough to understand it? Whatever the case is, this is a huge mistake for them, and if they will stay to this position where they will just reject to add Bitcoin on their balance sheet for years, many investors will criticize them because of their historic mistake.

Just read an article coming from Yahoo and based on it, they've considered it already, but the board prefers lesser volatile assets hence, they rejected it. Cheesy

If that is there reason then I think this is one of the stupidest reason on why they decline bitcoin. Since in first place they are not going to trade it for short term and there's no sense for them to get afraid at buying at top since after all they are going to hold it for many years the same as what other big institution did.

What I really think is they are afraid for its fast volatilities and those old dude is not yet ready yet to invest on Bitcoin since their knowledge about this coin is not enough that's why they come up with No vote for it.

They are considering it but that statement doesn't mean anything and now they put a end up mark on that option I guess it will take long for them to look for to think about investing on Bitcoin again.

LogitechMouse

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Quote from: Poker Player on December 10, 2024, 12:15:47 PM

They will end up buying it later, more expensively, and after other large companies do so.

https://x.com/Cointelegraph/status/1866530259035885672?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
---

I don't know if it's just me, but I have this feeling that they rejected to add some Bitcoin to their balance sheet because we are approaching or on a bull run season (depending on how you see the market).

Maybe after a few months or when we enter the bear market season, these shareholders will be at the opposite side and maybe, just maybe they will add it into their balance sheet. I don't know it's just me, but overall, it's just pure stupidity that they rejected it. Maybe these shareholders are an avid follower of either Dan Pena or/and Peter Schiff. Maybe they can't understand the concept of Bitcoin since they're old enough to understand it? Whatever the case is, this is a huge mistake for them, and if they will stay to this position where they will just reject to add Bitcoin on their balance sheet for years, many investors will criticize them because of their historic mistake.

Just read an article coming from Yahoo and based on it, they've considered it already, but the board prefers lesser volatile assets hence, they rejected it. Cheesy

FortuneFollower

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Quote from: Yaunfitda on December 11, 2024, 03:45:07 AM

Quote from: Eclipse33 on December 10, 2024, 01:22:36 PM

Dinosaurs going extinct.

This will serve as a massive blunder on their behalf, mark my words.

This is also what I thought, maybe those supposedly stocks holders are old and traditional investors and so they voted for No. They really don't grasp that there are a lot of companies that might have been thinking as well to add Bitcoin as a reserved because admit it or not, they can't deny that Bitcoin is one of the best assets if not the best, outpacing stocks or gold. And so if that is not what they think of it, then for sure they are going to be left out in the closet when all other huge institutions have been racing to buy and put Bitcoin in their balance. Definitely, it's risky as Bitcoin has cycle, but it could be noteworthy that during a bull run, Bitcoin price is going to be so high that you will make a lot of profits in the next cycle.

With the amount of funds they've got, they would be able to get back at it, but it would be too late to lead the train.
Unfortunately, oldies are very stubborn. And it will be the end of them.

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Quote from: Davidvictorson on December 11, 2024, 04:09:31 AM

Quote from: Poker Player on December 10, 2024, 12:15:47 PM

They will end up buying it later, more expensively, and after other large companies do so.

Someone should help me edit this picture and replace $100k with $500k the put labels of companies that they think will eventually buy bitcoin which at the moment are seemingly rejecting bitcoin. Start with Microsoft.

Micheal Saylor already said, we will buy at the price we deserve and this is just facts.

Totally agree.
Everybody chooses what suits them - and even if they would regret it, they would still be able to get back, albeit at another price.

Davidvictorson

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Quote from: Poker Player on December 10, 2024, 12:15:47 PM

They will end up buying it later, more expensively, and after other large companies do so.

Someone should help me edit this picture and replace $100k with $500k the put labels of companies that they think will eventually buy bitcoin which at the moment are seemingly rejecting bitcoin. Start with Microsoft.

Micheal Saylor already said, we will buy at the price we deserve and this is just facts.

Yaunfitda

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Quote from: Eclipse33 on December 10, 2024, 01:22:36 PM

Dinosaurs going extinct.

This will serve as a massive blunder on their behalf, mark my words.

This is also what I thought, maybe those supposedly stocks holders are old and traditional investors and so they voted for No. They really don't grasp that there are a lot of companies that might have been thinking as well to add Bitcoin as a reserved because admit it or not, they can't deny that Bitcoin is one of the best assets if not the best, outpacing stocks or gold. And so if that is not what they think of it, then for sure they are going to be left out in the closet when all other huge institutions have been racing to buy and put Bitcoin in their balance. Definitely, it's risky as Bitcoin has cycle, but it could be noteworthy that during a bull run, Bitcoin price is going to be so high that you will make a lot of profits in the next cycle.

avp2306

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Quote from: Poker Player on December 10, 2024, 12:15:47 PM

They will end up buying it later, more expensively, and after other large companies do so.

https://x.com/Cointelegraph/status/1866530259035885672?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

There reasons is so crazy lol.

Quote

citing the lack of evidence that crypto investments would boost returns

More information is here https://finance.yahoo.com/news/microsoft-shareholders-reject-proposal-tech-203303134.html

They didn't see what MicroStrategy and El Salvador's gaining? those old dudes is so crazy they are traditional dudes who's scared to get out on their comfort zones.

I guess they didn't see the number of companies and countries holding bitcoin is increasing https://treasuries.bitbo.io/

For sure Microsoft share holders would regret their decision for taking down the idea of investing on Bitcoin. Maybe for now they cannot see some effect of the decision they have done, but for sure in future they would realize that they made a huge mistake.

Kelward

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Bitcoin is a moving train, it's going forward whether anybody, institutions or countries likes it or not, so it's Microsoft's lose if they don't hop on. Bitcoin has proven that it's a store of value, it's awareness and adoption is increasing everyday, sooner or later most people and establishments that are still biased about it will see the benefits of holding it. Bitcoin is barely 15 years since it's creation and many older folks have had their minds fixed on fiat and reputable assets like gold, they probably won't easily see the potentials of Bitcoin. I know that with time younger generations that understands the impact of Bitcoin will take over and do the needful. Won't be surprised if Microsoft changes their stance on Bitcoin because it's the right thing to do.

PrivacyG

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Some people think this is because Microsoft does not know what Bitcoin is or what they are doing. I would say this is almost impossible at this point.

Microsoft used to ACCEPT Bitcoin at a particular stage many years ago. They surely do know what Bitcoin is and how it works and I highly doubt they do not know about it being a great Investment opportunity.

However. What they do and say publicly does not equal in reality their exact set of mind. They are likely not putting any Money into Bitcoin because it does not benefit them, their image or their Corporation in any way.

Die_empty

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Quote from: headingnorth on December 11, 2024, 12:11:52 AM

MS is by far the oldest of the Magnificent Seven companies and perhaps even the oldest listed on the NASDAQ.
Such a corporate dinosaur tends to be very conservative and set in their ways. So they are not likely to risk doing anything that could be perceived as controversial.

Microsoft is worth trillions of dollars. Putting a couple million dollars into bitcoin is like risking a couple of pennies to them.
They voted against the proposal not for financial reasons, but to avoid the endless amount of publicity and scrutiny they knew their decision would likely attract if they approved it.

I don't know the age bracket of most of the shareholders, but I guess that the majority is above fifty years .Bitcoin is attractive to young people and they would have considered investing in it if they had the majority.

The rejection of the proposal was expected after Microsoft board advised members to reject the recommendation. Below the proposal there was a board recommendation advising shareholders to vote against the proposal. It was like giving electorates ballot papers with who to vote boldly written on them.

Microsoft tells shareholders to reject the call to invest corporate cash in Bitcoin

headingnorth

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NO SHITCOIN INSIDE

MS is by far the oldest of the Magnificent Seven companies and perhaps even the oldest listed on the NASDAQ.
Such a corporate dinosaur tends to be very conservative and set in their ways. So they are not likely to risk doing anything that could be perceived as controversial.

Microsoft is worth trillions of dollars. Putting a couple million dollars into bitcoin is like risking a couple of pennies to them.
They voted against the proposal not for financial reasons, but to avoid the endless amount of publicity and scrutiny they knew their decision would likely attract if they approved it.

Darker45

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Quote from: Poker Player on December 10, 2024, 11:07:14 PM

Quote from: Darker45 on December 10, 2024, 10:28:17 PM

Moreover, we have to take note that more than 70% of Microsoft is owned by institutional investors, BlackRock being the second largest of them. There's a powerful influence from the inside.

Blackrock? I haven't seen what they have said about this particular vote but Blackrock owns 5.2% of MicroStrategy as well as the iShares Bitcoin Trust (IBIT). It's not exactly an anti-bitcoin company, as it once was.

That's what I'm saying. There are Bitcoin friends from among the owners of Microsoft. There are powerful influences from within. BlackRock only owns 5.2% of MicroStrategy but it owns 7.45% of the $3-trillion Microsoft. While Microsoft's largest institutional investor, Vanguard, isn't friendly with Bitcoin, the second largest, BlackRock, is a Bitcoin supporter. Moreover, State Street, the third largest investor of Microsoft, is also Bitcoin friendly. These giant shareholders could one day influence their fellow shareholders to adopt a Bitcoin strategy for the company.

kotajikikox

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Quote from: Mia Chloe on December 10, 2024, 12:55:57 PM

Anyways let's be frank if it actually comes to the extent that they are lagging in stock value, they would likely end up still buying some bitcoins. That's part of the reasons why I don't fancy the opinion of big firms because a great deal of their decisions are profit minded and you see them flipping sides easily to protect their stock market.

I wonder what was the thought process behind this decision. Do they just not want to be associated with bitcoin? Do they think that they would be fine without bitcoin? Regardless, holding bitcoin will give them some benefits as I am sure that many investors who for some reason don't want to just directly buy bitcoin would want to buy their stocks if they were to hold bitcoin. That is what basically what happened with Microstrategy who bought bitcoin when it was cheap and people started buying more of their stocks due to this. Not only has their value gone up but they are also earning from buying bitcoin.

To me, if you had a chance to buy bitcoin at such a crucial time but don't you are just missing out on a good opportunity.

Topic: Historic mistake: Microsoft rejects to add bitcoin to their balance sheet. (Read 350 times)