- Microsoft shareholders have voted against the Bitcoin investment plan.
- Justin Sun ridiculed the company’s decision of watching BTC grow on the sidelines.
- Donald Trump wants Bitcoin at $150,000 during his presidency.
Microsoft’s Bitcoin rejection has drawn criticism from the digital asset community after shareholders voted against a proposal to invest in Bitcoin. Titled “Assessment of Investing in Bitcoin,” the proposal was to allocate 1% of Microsoft’s total assets into Bitcoin as a hedge against inflation.
Despite the rising interest in corporate cryptocurrency adoption, Microsoft’s board opposed the proposal, citing Bitcoin’s volatility and the need to prioritize stable investments for liquidity and operational funding. Critics argue that this conservative stance may result in missed opportunities, especially as companies like MicroStrategy continue to embrace Bitcoin.
Crypto Backlash to Microsoft’s Rejection
Tron (TRX) founder Justin Sun ridiculed Microsoft’s Bitcoin rejection on X (formerly Twitter), recommending “buying Bitcoin when it hits $1 million.” His comment came during Bitcoin’s recent rally from $85,155.11 to $103,900 o…
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