Wed, December 11, 2024
Tue, December 10, 2024

Microsoft shareholders vote against company investing in bitcoin

The article from Fox Business discusses how Microsoft shareholders voted against a proposal that would have allowed the company to invest in Bitcoin and other cryptocurrencies. This decision came during Microsoft's annual shareholder meeting where various proposals were considered. The proposal to invest in Bitcoin was put forward by a group of investors, but it was met with opposition from Microsoft's board, which recommended voting against it, citing concerns over the volatility and regulatory uncertainty surrounding cryptocurrencies. The vote reflects broader corporate caution regarding direct investments in cryptocurrencies, despite the growing interest in digital assets among tech companies. Instead, Microsoft continues to explore blockchain technology for its potential in enhancing security and efficiency in its operations.

Read the Full Fox Business Article at:
[ https://www.foxbusiness.com/markets/microsoft-shareholders-vote-against-company-investing-bitcoin ]