The Microsoft board of directors asked shareholders to vote against a treasury proposal strategy for $BTC . On Tuesday, they followed the recommendation.
The software giant Microsoft will not purchase $BTC for now, after shareholders voted against a proposal during the company's annual meeting on Tuesday.
Microsoft shareholders (NASDAQ: MSFT) voted on the proposal at the annual meeting. The Microsoft board of directors had informed shareholders in October that they recommended voting against this initiative.
A document filed with the U.S. Securities and Exchange Commission (SEC) noted that "Microsoft management is already carefully considering this issue."
Note: This is a developing news story and will be updated.