Microsoft shareholders voted against the Bitcoin investment proposal

ChainCatcher news, according to the voting results, Microsoft's major shareholders opposed the company's Bitcoin investment proposal on Tuesday.

Earlier, the Microsoft board had urged shareholders to reject a suggestion from the National Center for Public Policy Research, which proposed that the company invest 1% of its total assets in Bitcoin to hedge against inflation.

At the annual meeting, MicroStrategy founder Michael Saylor gave a three-minute speech attempting to persuade Microsoft shareholders to support the proposal. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.