Microsoft Shareholders Vote Against Bitcoin Investment Proposal
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The news from Mars Finance is that Microsoft's major shareholders voted against the company's proposed Bitcoin investment proposal on Tuesday. Previously, the Microsoft board had urged shareholders to reject a proposal from the American National Center for Public Policy Research, which suggested that Microsoft invest 1% of its total assets in Bitcoin to hedge against inflation. At the annual shareholder meeting, MicroStrategy founder Michael Saylor gave a three-minute speech trying to convince Microsoft shareholders to support the proposal. But the final vote showed that shareholders did not accept this recommendation. Currently, Microsoft's largest shareholders are major institutional investors such as Vanguard and BlackRock.
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