CandleFocus Polymarket Bettors Skeptical Over Potential Microsoft (MSFT) Bitcoin Purchase
2024-12-03
Author: Content Editor
MicroStrategy executive chairman Michael Saylor's pitch to Microsoft's board to add bitcoin to its balance sheet is unlikely to be approved by shareholders, according to Polymarket bettors. In October, a proposal recommended Microsoft to invest in bitcoin, but the board advised against it, citing crypto's lack of stability. Saylor argues that adding bitcoin could act as a hedge against inflation and economic uncertainty. Some bettors believe there is no need for institutional investors to want Microsoft to add bitcoin, while others speculate that the company may allocate a small amount of funds for testing. The motion will be voted on at Microsoft's next shareholder meeting on December 10.
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