A brief joy, Microsoft's shareholders vote against the proposal to invest company assets in Bitcoin.
At the annual shareholders meeting held this Tuesday, Microsoft's major shareholders voted against a proposal to invest 1% of the company's total assets in Bitcoin. This proposal, put forward by the National Center for Public Policy Research, aimed to hedge against inflation risk by holding Bitcoin.
The Microsoft board had clearly expressed their opposition to the proposal before the vote and urged shareholders to reject it. The board believes that such an investment strategy does not align with the company's long-term financial planning and risk control standards. Additionally, Bitcoin, as a cryptocurrency, has a high price volatility, which may bring uncertainty and potential financial risks.
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