Microsoft shareholders have voted against the Bitcoin proposal to allocate some of the company’s cash reserves to the flagship crypto. This undoubtedly presents a huge blow to Bitcoin’s adoption among big US corporations.

Microsoft Shareholders Vote Against Bitcoin Proposal

Preliminary votes have shown that Microsoft shareholders voted against the Bitcoin investment proposal. If passed, the proposal would have allowed the top US company to diversify some of its assets to Bitcoin and hold the flagship crypto on its balance sheet.

With this development, the company will unlikely adopt Bitcoin anytime soon. Bitcoin advocate Michael Saylor had pitched to these shareholders why they should vote for the company to hold Bitcoin on its balance sheet.

However, Saylor’s pitch wasn’t enough to convince these shareholders considering the results of the vote. While Microsoft opts against buying Bitcoin, other companies like MicroStrategy are actively accumulating the flagship crypto. Saylor’s company recently bought 21,550 BTC for $2.1 billion.

The post Breaking: Microsoft Shareholders Vote Against Bitcoin Proposal appeared first on CoinGape.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed