Microsoft and Blackrock to Vote on Bitcoin Proposal in December

Oct 29, 2024, 12:37 AM

Microsoft shareholders are set to vote in December on a proposal to add Bitcoin to the company's balance sheet as a hedge against inflation. Despite the growing interest in Bitcoin, Microsoft's board has recommended a 'no' vote, citing sufficient evaluations. Blackrock is also expected to vote on this proposal, which has sparked discussions within the financial community about the potential impact on shareholders and the company's future financial strategy.