According to Caixin, Microsoft's major shareholders voted against including Bitcoin on the company's balance sheet, arguing that it does not align with the long-term interests of shareholders.
At the company's annual meeting on Tuesday, MicroStrategy Chairman Michael Saylor delivered a three-minute speech attempting to persuade Microsoft shareholders to support the proposal. His company has invested billions of dollars in Bitcoin, yielding significant returns.
Experts believe that there is no guarantee that investing in cryptocurrency will enhance the returns of an investment portfolio. Microsoft's Deputy General Counsel Keith Dolliver stated during the live webcast of the shareholder meeting that the proposal was therefore rejected.
