Proposals to buy Bitcoin spanning Microsoft to Russia. It's Wednesday, December 11th,

2024. I'm Christine Lee. This is Coiness Daily.

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Microsoft shareholders voted against a proposal

that would have directed the company board

to consider adding Bitcoin to the firm's Treasury Holdings Tuesday.

The National Center for Public Policy Research had put forward the proposal.

Microstrategy Executive Chair Michael Saylor even put together a three-minute presentation,

arguing that Microsoft had surrendered $200 billion in capital over the past five years by issuing dividends and stock buybacks instead of purchasing Bitcoin.

Bloomberg data shows Microsoft holds over $78 billion in cash and marketable securities on its balance sheet.

Last month, the board urged shareholders to vote against the proposal.

The board maintains that Microsoft prioritizes stable

and predictable investments to mitigate as much risk as possible. A Russian lawmakers is reportedly

proposing to create a strategic Bitcoin reserve. Anton Takachiev of the Minority New People Party

is asking the Russian finance minister to assess the feasibility

...