Microsoft Shareholders Vote Against Bitcoin Buying Proposal

Microsoft's board asked shareholders to vote against a proposed Bitcoin treasury strategy. On Tuesday, they followed suit.

Software giant Microsoft will won't be buying Bitcoin just yet, after shareholders voted against a proposal at the tech giant's annual meeting Tuesday.

Shareholders of Microsoft (NASDAQ: MSFT) voted on the proposal at the annual meeting. Microsoft's board in October told shareholders that it recommended voting against the item. A filing with the SEC noted that "Microsoft's management already carefully considers this topic."

Editor's note: This is a breaking story and will be updated.

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