The Microsoft board urged shareholders to vote against a Bitcoin investment proposal for the upcoming company’s annual meeting.
The board stated that the company already carefully considers investing in Bitcoin and other cryptocurrencies and monitors trends and developments related to them.
Microsoft argued that digital assets are highly volatile and not beneficial for its competitive position in the market.
Experts believe that while Microsoft might not adopt Bitcoin now, it is likely to do so in the future, as institutional Bitcoin adoption has already surged.