Crypto Daily – Microsoft (NASDAQ🙂 shareholders have rejected a proposal for the company to explore making (BTC) part of the company’s investment strategy. The rejection comes despite a strong push by MicroStrategy CEO Michael Saylor to convince shareholders.
The National Center for Public Policy Research (NCPPR) submitted the proposal.
Microsoft Rejects Bitcoin (BTC)
The decision by Microsoft’s shareholders effectively ends any plans to integrate Bitcoin into the company’s treasury reserves. The proposal, submitted by the National Center for Public Policy Research, called for the company to evaluate the benefits of adding Bitcoin to its balance sheet, highlighting the asset’s ability to act as an excellent hedge against inflation. It also stated that Bitcoin had outperformed corporate bonds, and could help diversify the firm’s treasury. The proposal would not have resulted in an immediate investment into the asset but would have set the ball rolling…
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