Microsoft is holding a shareholder vote in December on whether to invest in Bitcoin. However, the company’s board of directors is recommending against it.
Board Says No Need
The board argues that the proposal is unnecessary because they’ve already considered investing in Bitcoin and decided against it. They say they regularly evaluate various investments, including cryptocurrencies, to protect against inflation and economic risks.
Proponents Push for Diversification
Supporters of the Bitcoin investment idea say that big companies should diversify their assets to combat inflation. They point out that Microsoft holds a lot of US government securities and corporate bonds, which haven’t kept up with inflation.
Bitcoin’s Price
Bitcoin is currently trading at around $66,799, down slightly over the past 24 hours.
Important Note: This article is for informational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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