Microsoft's decision not to invest in Bitcoin has sparked disapproval from the cryptocurrency community. The company's shareholders recently voted down a proposal to allocate 1% of Microsoft's total assets into Bitcoin, which was intended to serve as a measure against inflation. This move comes at a time when many corporations are showing increased interest in adopting cryptocurrencies.
Despite the burgeoning trend of corporate crypto adoption, Microsoft's board demonstrated opposition to the proposal, raising questions and stirring debates within the digital asset space. The proposal was titled "Assessment of Investing in Bitcoin," emphasizing its potential as a strategic hedge.
Source: coinedition.com ↗