Market
Story
Microsoft Shareholders Overwhelmingly Reject Bitcoin Investment Proposal on December 10
Dec 11, 2024, 09:25 PM
Microsoft Corp. shareholders have overwhelmingly rejected a proposal to invest in Bitcoin for the company's corporate treasury. On December 10, 2024, only 0.55% of shareholders voted in favor of the proposal, which was aimed at diversifying Microsoft's cash reserves into the cryptocurrency. Despite the low support, with approximately $18.4 billion worth of shares voting in favor, Microsoft's market valuation stands at over $3 trillion. The decision could signal a broader trend among tech giants regarding cryptocurrency investments.
View original story
Similar markets
Artificial Intelligence • 25%
Cloud Computing • 25%
Other • 25%
Blockchain Technology • 25%
Cloud Computing Expansion • 25%
Cryptocurrency Investment • 25%
Other • 25%
AI and Machine Learning Investments • 25%
Cloud Services Firm • 25%
Cryptocurrency Firm • 25%
Artificial Intelligence Firm • 25%
Other • 25%
Decrease investment in OpenAI models • 25%
Maintain current investment level • 25%
Shift focus to alternative AI models • 25%
Increase investment in OpenAI models • 25%
Improve AI capabilities • 25%
Expand data center infrastructure • 25%
Other • 25%
Enhance cloud computing • 25%
Investment increases • 25%
Investment remains unchanged • 25%
Investment decreases • 25%
Investment withdrawn • 25%
No investment • 25%
Equity investment • 25%
Partnership extension • 25%
Joint venture • 25%