Crypto Industry Ridicules Microsoft’s Board For Not Wanting to Invest in Bitcoin
Microsoft has urged its shareholders to vote against a proposal to assess investing in Bitcoin, which has rubbed the wider crypto industry the wrong way.
On 9 December, Microsoft will hold its annual shareholders’ meeting, where shareholders can vote on a range of issues. One proposal is titled “Assessment of Investing in Bitcoin.” However, the board has recommended that its shareholders vote against it.
Microsoft already “carefully considers this topic,” the board claimed in Securities and Exchange Commission (SEC) filing. “Past evaluations have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future…
