Microsoft shareholders rejected a resolution to include bitcoin on the company’s balance sheet at Tuesday’s annual general meeting. The decision was made by the National Center for Public Policy Research (NCPPR), which suggested the initiative as a corporate responsibility to diversify profits and increase shareholder value.
A pre-recorded video was shown at the meeting, emphasizing the importance of bitcoin in the next wave of technology. The proposal is consistent with Microsoft’s existing strategy of evaluating a wide range of investable assets, including bitcoin, within a broader investment framework. Microsoft has previously been cautious with bitcoin, accepting it as a payment method in 2014 but suspending the option in 2016.
The price of bitcoin currently stands at around $98,000, with the global cryptocurrency market capitalization falling by nearly 5% in the last 24 hours.
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