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Microsoft shareholders reject a proposal for the tech giant to possibly invest in bitcoin

  • Microsoft shareholders rejected a proposal for the company to possibly invest in bitcoin.
  • The proposal, submitted by the National Center for Public Policy Research, suggested that adding bitcoin to Microsoft's balance sheet could serve as an inflation hedge and diversify the firm's treasury.
  • However, the board recommended voting against the proposal, stating they already consider cryptocurrency investments but prefer less volatile assets.
  • MicroStrategy's Michael Saylor, who spoke on behalf of the proposal, failed to convince investors during the meeting.

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