Regarding the Microsoft board's rejection of using Microsoft’s financial assets to purchase Bitcoin.
Nevertheless, this rejection is unlikely to deter similar attempts. With Bitcoin's price doubling this year, more voices are calling for a portion of corporate financial assets to be invested in the world's largest cryptocurrency to hedge against inflation risks.
As many shareholders increasingly engage in crypto-related businesses, opposing such proposals may become more challenging.
Major shareholders of Microsoft include BlackRock Inc., State Street Corp., and FMR LLC, all of which have entered the crypto space, and industry observers expect them to deepen their involvement further.
