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Microsoft Shareholders Reject Bitcoin Investment Proposal Backed by MicroStrategy's Michael Saylor

Dec 10, 2024, 05:05 PM

Microsoft shareholders have voted against a proposal to add Bitcoin to the company's balance sheet. The proposal aimed to establish a strategic Bitcoin reserve but failed to gain sufficient support during the company's annual meeting. Despite efforts by MicroStrategy Executive Chairman Michael Saylor to convince shareholders, preliminary votes showed that investors did not approve the measure, aligning with expectations. Investors approved all management proposals and voted down all six shareholder proposals, including the Bitcoin investment proposal. The rejection comes despite Bitcoin's recent momentum in the financial world.