Microsoft shareholders vote against Bitcoin investment proposal
According to reports, voting results showed that Microsoft's major shareholders opposed the company's Bitcoin investment proposal on Tuesday. The Microsoft board had earlier urged shareholders to reject a proposal from the National Center for Public Policy Research, which suggested that the company invest 1% of its total assets in Bitcoin as a hedge against inflation. At the annual meeting, MicroStrategy Chairman Michael Saylor gave a three-minute speech trying to persuade Microsoft shareholders to support this proposal. His company has invested billions of dollars in Bitcoin. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.
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