Microsoft Shareholders Vote Against Bitcoin Investment Proposal
Despite MicroStrategy CEO Michael Saylor’s best efforts, Microsoft (MSFT) shareholders have voted against the proposed Bitcoin investment strategy. The decision will see the company reject the opportunity to add the leading cryptocurrency to its treasury holdings. Although a positive vote wouldn’t have meant an established holding, it would’ve instructed the board of directors to study the implications of that decision. MicroStrategy has been the face of Bitcoin investments over the last year. specifically, the company’s shares are up nearly 2,500% since it started purchasing Bitcoin in 2020. JUST IN: Microsoft $MSFT shareholders vote against #Bitcoin investment proposal. — Watcher.Guru (@WatcherGuru) December 10, 2024 Also Read: Who Will Add Bitcoin First, Microsoft or Amazon? Microsoft Rejects Bitcoin Proposal, Will Not Add BTC to Treasury Holdings Throughout 2024, Bitcoin has remained a focus of the finance sector. Indeed, the asset class has surged in popul...