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Microsoft Votes Against Bitcoin Investment Proposal  Beincrypto 10 Dec 2024

Microsoft Votes Against Bitcoin Investment Proposal  💼

Anthony Pompliano Bitcoin Amazon MicroStrategy Microsoft

Microsoft shareholders recently voted against a proposal by Michael Saylor, CEO of MicroStrategy, to invest in Bitcoin. Saylor argued that Bitcoin, as the world's seventh-largest asset, could reach a $2 trillion market cap. Despite this projection, Microsoft's board warned against potential risks, leading shareholders to reject the proposal.

Following the decision, Michael Saylor expressed that Microsoft shareholders might realize the importance of Bitcoin in the coming years. In contrast to Microsoft's stance, Amazon's stakeholders are proposing a significant Bitcoin investment, demonstrating differing corporate strategies on cryptocurrency.

The news briefly affected Bitcoin's price, which dipped to $94,000 but later recovered. Despite Microsoft's decision, its stock performance remains strong, showcasing a 20% increase year-to-date, while MicroStrategy's stock surged by 450%.

Source: beincrypto.com ↗

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