Microsoft (MSFT) investors on Tuesday rejected a ballot proposal requesting that the board conduct an assessment to determine if diversifying the company’s balance sheet by including Bitcoin (BTC) is in the best long-term interests of shareholders, despite a personal appeal from MicroStrategy (MSTR) executive chairman and co-founder Michael Saylor, Bloomberg’s Olga Kharif reports. Saylor spoke on behalf the Free Enterprise Project, which sent a nearly identical proposal to Amazon (AMZN) and may do the same with other corporations, according to Ethan Peck, deputy director of the shareholder activist group. Microsoft’s board had come out earlier against the proposal, saying it evaluates cryptocurrencies already, with proxy advisory firms Glass Lewis and ISS concurring.
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