PANews reported on December 12 that according to Decrypt, only 0.55% of Microsoft shareholders supported the proposal to buy and hold Bitcoin. According to Microsoft's annual investor relations report, Microsoft shareholders voted in favor of the proposal with 28.234 million votes, 5.148 billion votes against, and 22.6 million abstentions. Citing the volatility of Bitcoin, Microsoft's board of directors urged shareholders to reject the proposal before voting.