CandleFocus ? Microsoft Shareholders Vote Down Bitcoin Treasury Proposal
2024-12-10
Author: Content Editor
Microsoft shareholders voted against a proposal to study the possibility of the company diversifying 1% of its total assets into Bitcoin. The proposal was put forward by the National Centre for Public Policy Research, suggesting that Bitcoin could serve as a hedge against inflation. However, Microsoft's board had concerns over the volatility of Bitcoin and urged shareholders to vote against the proposal. Following the news, Microsoft's stock price remained relatively flat, while Bitcoin prices fell by 4% over the past 24 hours.
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