A proposal by Michael Saylor to the software giant’s board of directors to add Bitcoin to its balance sheet is likely to be rejected by shareholders. Bookmakers on Polymarket rate the chances of this proposal being approved at just 11%.

Each bet allows choosing one of two options: “Yes” and “No”. If the prediction is correct, bettors receive a payout of 1 USDC (a stablecoin pegged to the US dollar), otherwise they receive a payout of zero.

A recommendation made by the National Center for Public Policy Research (NCPPR) in October recommended Microsoft add Bitcoin to its balance sheet.

This proposal was intended to diversify the company’s investments, but Microsoft’s board of directors opposed the proposal, citing the volatility of cryptocurrencies and their lack of long-term stability. The board believes that investing in cryptocurrencies carries great risks and is not suitable for Microsoft’s balance sheet.

Michael Saylor, CEO and chairman of Microstrategy (MSTR), proposed adding Bitcoin to Microsoft’s balance sheet, arguing that Bitcoin could be a hedge against inflation and appreciate in times of economic uncertainty.

Saylor stated that Bitcoin could increase Microsoft’s market value and increase the company’s market value from $3.2 trillion to $8 trillion. Additionally, Saylor argued that Microsoft’s current treasury strategy has weakened the company, causing it to lose $200 billion of its capital in dividends and buybacks over five years.

He advocates the view that this capital can be invested in Bitcoin instead. Bitcoin has made a huge gain in the last five years, gaining over 1200% in value.

A Polymarket bettor believes Microsoft’s addition of Bitcoin would not make sense for institutional investors. Because there are currently many ways to invest in Bitcoin. Therefore, Microsoft’s acquisition of Bitcoin could complicate its stock valuation.

“They make it difficult to evaluate Microsoft (MFST) by mixing safe investments with (BTC) volatile investments,” the bettor says. The bettor has a position on the ‘no’ side worth $2000.

Another bettor argues that Microsoft may test buying Bitcoin because its cash position is strong. This person said, “I think some funds will be allocated for testing purposes.

Microsoft’s cash position is sufficient. “There are some options for purchasing Bitcoin,” he says. This view implies that Microsoft may take cautious steps regarding Bitcoin and try to purchase a certain amount of BTC.

Microsoft will vote on this proposal at the shareholders meeting to be held on December 10. This vote may be decisive in the company’s decision to purchase Bitcoin. If shareholders do not approve the Bitcoin purchase, Microsoft’s plans to invest in cryptocurrencies may be thwarted.

However, some analysts think that Microsoft can make a significant investment move in the technology sector by taking further steps in this regard.