Ultimately, whether or not to invest in bitcoin is their decision and has nothing to do with us. If they disapprove and veto investing in bitcoin, they have their reasons. We shouldn't call them stupid or criticize them just because they don't invest in bitcoin.
The ultimate goal of investment is profit and bitcoin is not the only investment that brings profit, we have many different investments and each person has their own choice.
Bitcoin is no longer an infant asset of investment like in 2009 and a couple of years later, but now in 2024, Bitcoin is still a risky asset and it is more risky in eyes of people who have yet participated with capital of investment in this market. Microsoft as a big tech corporation has their reasons to veto this proposal, but it does not restrict Microsoft shareholders to decide what they can do with their shares, then money. If they really want to invest in Bitcoin, and see it as more potentially profitable than holding Microsoft shares, they will sell shares and switch their investment to Bitcoin.
Just because someone else doesn't think like us doesn't mean we have the right to criticize them, look down on them, or impose our thoughts on them.
I saw this news yesterday but I didn't pay attention because it had nothing to do with us.
Criticize each other mostly won't lead to any agreement especially in investment into a risky asset like Bitcoin. You can discuss with them, but if there are too much differences, let move on on your own path and let the discussion ends peacefully.
What reasons does Microsoft have for not doing it? They need to explain it to their shareholders. What do they have to lose by investing just a tiny fraction of their portfolio? It makes them look stupid to refuse to invest in the most successful ETF launch in US history, while Microstrategy the largest corporate holder of bitcoin has them beat in earnings by a mile, as well as topping the S&P 500 in earnings. If that wasn't enough, Blackrock is their second largest shareholder and has accumulated hundreds of thousands of bitcoin assets under management, in less than a year!
As one of the world's largest publicly traded companies, they owe their shareholders a logical explanation. It makes no sense to just say, we looked into and decided not to do it but sorry we can't give you the reason. That tells me they are full of crap.
I believe they actually do want to invest in bitcoin, but want to appear politically correct by publicly saying no, while giving the shareholders a nod and a wink. Anything is possible.