Microsoft Shareholders to Vote on Bitcoin Investment Proposal

The board advises against the move, citing existing evaluations and volatility concerns.

Microsoft's board has recommended shareholders vote against a proposal to invest in Bitcoin at the upcoming December 10 meeting.
The proposal, submitted by the National Center for Public Policy Research, suggests Bitcoin as a hedge against inflation.
Microsoft's management argues that it already evaluates Bitcoin and other cryptocurrencies as part of its investment strategy.
MicroStrategy, a company that has invested heavily in Bitcoin, has seen its stock outperform Microsoft's this year.
Microsoft's decision could influence broader corporate acceptance of Bitcoin as an investment asset.