The post Microsoft Bitcoin Vote Ends with Shareholders Declining Crypto Investment appeared first on Coinpedia Fintech News
In the latest development, Microsoft shareholders have rejected the proposal to add Bitcoin to their balance sheet. Microsoft’s board of directors had recommended the shareholders vote against the proposal, initiated by the National Center for Public Policy Research (NCPPR), which advocates Bitcoin as a hedge against inflation. The board had stated that the company had already evaluated a wide range of investment options, including Bitcoin, as part of its financial strategy. Microsoft is currently focusing more on artificial intelligence (AI) than on crypto. The company has made significant investments in AI and machine learning for 2024