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Microsoft Reject Bold Bitcoin Reserve Investment Proposal

  • Microsoft shareholders rejected the adoption of Bitcoin as a reserve asset during the annual general meeting.
  • The board cited Bitcoin's volatility, a commitment to financial stability, and long-term growth as reasons for the rejection.
  • The proposal recommended investing 1% to 5% of profits in Bitcoin as a hedge against inflation.
  • The rejection aligns with Microsoft co-founder Bill Gates' criticism of cryptocurrencies.

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