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Microsoft Shareholders Reject Bitcoin Investment Proposal on December 10, 2024, with 0.55% Support and 99.45% Against
Dec 11, 2024, 09:20 PM
On December 10, 2024, Microsoft shareholders voted overwhelmingly against a proposal to invest in Bitcoin, with only 0.55% of votes in favor. This equates to a rejection by 99.45% of shareholders, reflecting a significant hesitance within the company to adopt cryptocurrency as part of its financial strategy. The proposal aimed to assess the potential benefits of adding Bitcoin to Microsoft's balance sheet, but the lack of support indicates a broader skepticism towards cryptocurrency investments among institutional investors. The total value of shares involved in the vote was reported to be approximately $18.4 billion.
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