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Huge Bummer As Microsoft Shareholders Vote Against Bitcoin Treasury Proposal

  • Microsoft shareholders voted against adding Bitcoin to its balance sheet.
  • The proposal suggested diversifying 1% of Microsoft's cash and marketable securities into Bitcoin as a hedge against inflation.
  • The board cited Bitcoin's volatility as a key concern and emphasized the need for stable and predictable investments.
  • Microsoft's history with Bitcoin has been cautious, with the company briefly accepting it as a payment option in 2014 but suspending the service in 2016.

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