Microsoft shareholders have rejected the proposal to evaluate the potential benefits of adding Bitcoin (BTC) to its corporate balance sheet.
The proposal was given by Bitcoin advocate Michael Saylor, co-founder of MicroStrategy.
Microsoft's board has already indicated resistance to the proposal, claiming it is constantly evaluating cryptocurrencies.
The rejection comes amidst the BTC price skyrocketing and the potential for more crypto-friendly legislation under President-elect Donald Trump's return.