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Microsoft shareholders reject a proposal for the tech giant to possibly invest in bitcoin


Published on 2024-12-10 16:01:14 - Business Insider
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  • MicroStrategy CEO Michael Saylor had pitched Microsoft's board on investing in bitcoin. Investors voted against the proposal on Thursday.

Microsoft shareholders have rejected a proposal to invest in Bitcoin and other cryptocurrencies, despite advocacy from Michael Saylor, co-founder of MicroStrategy, who has been a vocal proponent of Bitcoin investment. The proposal, which was brought forward by a group of investors, aimed to have Microsoft explore the potential benefits of adding Bitcoin to its corporate treasury. However, the majority of shareholders voted against it during the annual meeting, citing concerns over the volatility and regulatory uncertainties surrounding cryptocurrencies. This decision reflects a broader caution among major corporations regarding direct investment in digital assets, even as some companies like MicroStrategy have significantly invested in Bitcoin.

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[ https://markets.businessinsider.com/news/currencies/microsoft-investors-reject-bitcoin-crypto-investment-proposal-michael-saylor-microstrategy-2024-12 ]