Michael Saylor, co-founder of MicroStrategy, put forward a proposal to add bitcoin to the balance sheet at Microsoft's virtual shareholder meeting, but was rejected by shareholders. The proposal requires the board to evaluate whether it is in the long-term interests of shareholders to include bitcoin on the balance sheet. Speaking on behalf of shareholder activist group FEP (Free Enterprise Project), Saylor predicted that the market value of bitcoin will increase from $2 trillion to more than $200 trillion in 21 years, and stressed that bitcoin outperformed Microsoft's share price by 10 times. Notably, FEP deputy director Ethan Peck revealed that if Microsoft CEO Nadella agreed to a one-hour private meeting with Saylor, FEP was willing to withdraw the proposal, but was rejected. Eswar Prasad, a professor of trade policy at Cornell University, said that considering the positive outlook for the cryptocurrency industry under the Trump administration, it is reasonable for companies to invest a small part of their reserves in cryptocurrencies. At present, FEP has submitted a similar proposal to Amazon, which may be expanded to other companies in the future.