TechFlow news — On December 11, according to Jinshi News, voting results showed that Microsoft's major shareholders on Tuesday opposed the company's proposal to invest in Bitcoin.
Earlier, Microsoft's board had urged shareholders to reject a recommendation from the Center for National Public Policy Research suggesting the company allocate 1% of its total assets to Bitcoin as an inflation hedge.
At the annual meeting, MicroStrategy founder Michael Saylor delivered a three-minute speech attempting to persuade Microsoft shareholders to support the proposal. Data indicates that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.
Add to Favorites
Share to Social Media
