CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
The Defiant 2024-12-10 23:36:43

Microsoft Shareholders Reject Proposal to Invest 1% of $78.4B Cash in Bitcoin at Annual Meeting

Microsoft shareholders have voted against a proposal to invest in Bitcoin by adding it to the company's balance sheet. The proposal suggested allocating 1% of Microsoft's $78.4 billion in cash holdings into Bitcoin. The initiative, introduced by the National Center for Public Policy Research, was supported by MicroStrategy Executive Chairman Michael Saylor, who advocated for the move. The negative vote was expected and aligned with the board's recommendation. Despite Bitcoin's ongoing momentum in the financial world, Microsoft shareholders rejected the proposal during the company's annual meeting on December 10, 2024. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.