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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.