Bitget CEO Gracy Chen: Microsoft's refusal to invest in BTC may be due to most shareholders valuing asset stability more
This week, Microsoft investors rejected the proposal to buy Bitcoin. Gracy Chen, CEO of cryptocurrency exchange Bitget, said this was expected as most Microsoft shareholders likely value the stability of this software giant's assets and stated: "Microsoft's investment in Bitcoin could mean facing additional risks. Many people invest in Microsoft because it is a predictable good business. For shareholders who are building their own diversified investment portfolio, mixing assets like cryptocurrencies into the company's balance sheet might complicate the company's valuation and distract from the core business objectives of investors buying its stock."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Earnings Preview | The "buyer strike" in the tech sector is spreading; if Cisco (CSCO.US) guidance falls short of expectations, it could be yet another blow to tech stock sentiment
Cisco will release its financial report on November 12. The market expects EPS to increase by 33% year-on-year and revenue to reach $18.09 billion. The focus will be on AI orders and the integration with Splunk.
Spot gold surpasses $4,120 per ounce, up 1.20% on the day
Crypto prices
More
