Historic mistake: Microsoft rejects to add bitcoin to their balance sheet. - page 2.

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Quote from: Franctoshi on December 10, 2024, 03:17:25 PM

Seem they don't want to learn from Yahoo finance historical mistakes, the company had opportunity to buy Facebook two times but said it was too high but today Facebook is worth way high than that price, they also had opportunity to sell the company when it was still worth something big and they didn't, but later was forced to sell their company to Verizon in 2017 after that its revenues began shrinking.

Now it seem to Microsoft shareholders that Bitcoin price is very high to consider adding it to their balance sheet, well I believe they will definitely regret of this very decision in the coming future when Bitcoin must have gone 2x -5x of its current and they would have no option than to buy Bitcoin at that price.

That's right, plus if the vote comes in positive they could have added 5% of their reserves to bitcoin to see how it went. To reject even that is to be very foolish.

Quote from: NotFuzzyWarm on December 10, 2024, 03:23:49 PM

Folks, as a company MS and more specifically, its board, did not reject it.
It was up for a vote by their shareholders and the shareholders rejected it. The board had to follow that decision.

So? What you say is in the OP.

Quote from: Catenaccio on December 10, 2024, 10:08:23 PM

In market cap, Microsoft is only less than two times of Bitcoin. I don't know when Bitcoin will take over that position from Microsoft but it will, if not in this market cycle in 2025, it will make it in a next market cycle. Market cap of Bitcoin is potentially rising at faster rate than Microsoft market cap.
https://companiesmarketcap.com/assets-by-market-cap/

I do believe it will happens this cycle. In current numbers, if bitcoin hits $170K it will pass MSFT, and it can do that in a few months.

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.

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This was more or less expected. The management itself discouraged shareholders to vote in favor of adding Bitcoin to its balance sheet. Microsoft's co-founder himself, Bill Gates, is not a fan of Bitcoin as well.

But I guess it's just a matter of time. They will eventually succumb or risk falling behind and become obsolete. For now, there isn't enough pressure yet.

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.

Quote from: NotFuzzyWarm on December 10, 2024, 03:23:49 PM

Folks, as a company MS and more specifically, its board, did not reject it.
It was up for a vote by their shareholders and the shareholders rejected it. The board had to follow that decision.

It's more of the opposite. The board is solid in rejecting the idea. The shareholders eventually rejected it as well. The decision and recommendation of the board to say no to the proposal could have significantly influenced certain shareholders.

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Quote from: Franctoshi on December 10, 2024, 03:17:25 PM

Seem they don't want to learn from Yahoo finance historical mistakes, the company had opportunity to buy Facebook two times but said it was too high but today Facebook is worth way high than that price, they also had opportunity to sell the company when it was still worth something big and they didn't, but later was forced to sell their company to Verizon in 2017 after that its revenues began shrinking.

Yahoo made many mistakes but their biggest mistake is rejecting a cheap offer of $1M from two Google founder when Google was in its early days. Yahoo! even add Google to their platform, like a free advertisement for a potential competitor and later when they started to see challenge from Google, they again refused an offer of $1B from Google founders. From these early mistakes with Google, Yahoo! fell down quickly but I don't agree that their collapse starts with Facebook negotiation.

Quote

Now it seem to Microsoft shareholders that Bitcoin price is very high to consider adding it to their balance sheet, well I believe they will definitely regret of this very decision in the coming future when Bitcoin must have gone 2x -5x of its current and they would have no option than to buy Bitcoin at that price.

In market cap, Microsoft is only less than two times of Bitcoin. I don't know when Bitcoin will take over that position from Microsoft but it will, if not in this market cycle in 2025, it will make it in a next market cycle. Market cap of Bitcoin is potentially rising at faster rate than Microsoft market cap.
https://companiesmarketcap.com/assets-by-market-cap/

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maybe they deemed it to be too high of a risk to add bitcoin to their portfolio while really it isn't if people undersood more about bitcoin and its utility though at the end of the day the decision is up to the majority vote.

personally, I think it'd be great if microsoft can just try to hold bitcoin diversify that little portfolio to bitcoin just in case but since the shareholder just voted no I guess that chance has passed.
though, really too bad because here I thought tech company like microsoft would be the one to adopt new technology at its early phase but I guess i was wrong.

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Folks, as a company MS and more specifically, its board, did not reject it.
It was up for a vote by their shareholders and the shareholders rejected it. The board had to follow that decision.

Franctoshi

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Seem they don't want to learn from Yahoo finance historical mistakes, the company had opportunity to buy Facebook two times but said it was too high but today Facebook is worth way high than that price, they also had opportunity to sell the company when it was still worth something big and they didn't, but later was forced to sell their company to Verizon in 2017 after that its revenues began shrinking.

Now it seem to Microsoft shareholders that Bitcoin price is very high to consider adding it to their balance sheet, well I believe they will definitely regret of this very decision in the coming future when Bitcoin must have gone 2x -5x of its current and they would have no option than to buy Bitcoin at that price.

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They aren't really aware about the future potential of Bitcoin and that's why they did that mistake. They'll surely regret in future and will finally have to add Bitcoin in their balance sheet. They'll regret pretty badly, record my words.

The time isn't far when most online platforms will integrate Bitcoin and some other popular crypto as payment method. We all know that Bitcoin and crypto is future of digital payments and the companies that understand the potential of Bitcoin will always go for it.

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

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Quote from: mindrust on December 10, 2024, 12:22:25 PM

Anyway it is their loss. Lots of people changes their minds in the past. Maybe Microsoft will too.

at this point i don’t think they will change their mind what else do they need for them to think of bitcoin as useful and worth investing into? bitcoin already reached $100k and is being promoted by the us government so if they wanted to take bitcoin they would have done by now so the fact that they didn’t means they really have no intention of doing so now or in the future

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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.

I think microsoft rejects to add bitcoin to their balance sheet for several reasons, and according to my guess, either they are still not sure to buy at this time, or they still want to stay focused on investing in AI and machine learning. Even so, i think they will regret it in the end, because we know that Bitcoin will get more expensive, and if that happens, maybe they will finally decide to invest in bitcoin when it gets more expensive, or even after other large companies do it first as you said.

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This is likely going to turn to a meme and a lesson few months later.
Well it's their decisions, they had their reasons
I guess they should be prepared for the consequence whether positive or negative
But I think decisions was made as a result of their little understanding and their fear of taking this 'bold' step.
Not everybody is saylor
Bitcoin doesn't need Microsoft
Microsoft need Bitcoin.

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Quote from: mindrust on December 10, 2024, 12:22:25 PM

Fools.
If bitcoin goes down from here maybe they’ll change their decision but I don’t have high hopes. They probably missed their chance. It would have been great if Microsoft also joined the moon train but I guess we’ll have to depend on Elon and Saylor for the moment.

I literally smiled when I saw this reply. Well let's just cap it as it's their boards decision. I don't think they are probably viewing the whole thing based on the progress of their stock market and the adoption of Microsoft all over the world. I'm not aware of the status of the adoption rate of Microsoft currently but when I last checked trading views stocks, Microsoft is actually been bearish for quite a while now.

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.

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Quote from: mindrust on December 10, 2024, 12:22:25 PM

Anyway it is their loss. Lots of people changes their minds in the past. Maybe Microsoft will too.

They will change their minds when they see other large companies buying. And I think when the US creates the strategic reserve, with a couple of large states entering the fray, to buy bitcoins for their reserves, companies like MSFT are going to look like fools from a historical standpoint in what they have done today.

mindrust

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Fools.

If bitcoin goes down from here maybe they’ll change their decision but I don’t have high hopes. They probably missed their chance. It would have been great if Microsoft also joined the moon train but I guess we’ll have to depend on Elon and Saylor for the moment.

At least Saylor says he’ll never sell and keep buying from every price point. That I call, dedication.

Anyway it is their loss. Lots of people changes their minds in the past. Maybe Microsoft will too.

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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

Topic: Historic mistake: Microsoft rejects to add bitcoin to their balance sheet. - page 2. (Read 350 times)