Microsoft Shareholders Reject Proposal to Add Bitcoin to Balance Sheets
Microsoft's board deemed the proposal “unnecessary,” emphasizing the company’s existing processes to manage and diversify its corporate treasury.
Microsoft's board deemed the proposal “unnecessary,” emphasizing the company’s existing processes to manage and diversify its corporate treasury.
The shareholders also pointed to Bitcoin’s significant returns as evidence of its potential. Over the past year, Bitcoin has grown by 131%, far outpacing corporate bond growth, which averaged 126%.
United States President-elect Donald Trump has appointed David Sacks, ex-PayPal operating chief, as lead policy adviser on artificial intelligence (AI) and cryptocurrency. The appointment was announced on December 6 via
"Who can ban Bitcoin? Nobody," he stated. "These tools will develop one way or another because everyone will strive to reduce costs and increase reliability."
According to Sumit Gupta, Co-Founder of CoinDCX, Bharat Custody addresses a critical gap in the Indian market by offering a secure, localized approach to safeguarding crypto assets.