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COINTURK NEWS > Cryptocurrency News > Microsoft Shareholders Vote Against Bitcoin Addition
Cryptocurrency News

Microsoft Shareholders Vote Against Bitcoin Addition

In Brief

  • Microsoft shareholders voted against adding Bitcoin to reserves.

  • Coinbase will list Gigachad altcoin on December 11.

  • Goldman Sachs' CEO indicates potential crypto investments with regulatory approval.

İlayda Peker
İlayda Peker 2 years ago
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Cryptocurrency markets are abuzz with significant developments impacting investors. A key item on today’s agenda was the voting on a proposed measure for Microsoft shareholders to consider adding Bitcoin $80,719 to the company’s reserves. Additionally, Coinbase announced a new listing that has garnered attention.

Contents
Will Microsoft Acquire Bitcoin?Coinbase Listing Announcement

Will Microsoft Acquire Bitcoin?

According to preliminary voting data, Microsoft’s board of directors and shareholders opposed the measure, making it unlikely to proceed. In a statement prior to the vote, Microsoft acknowledged that assets like Bitcoin are evaluated for reserve diversification, but cited high volatility and risk as reasons for postponing this decision.

Consequently, Microsoft management indicated that a vote on a previously assessed option was unnecessary. Currently, shareholders are moving in the anticipated direction.

In an interesting contrast, Goldman Sachs’ CEO commented that, barring regulatory issues, the firm could consider crypto investments. This statement diverges from Microsoft’s stance on digital assets.

“Goldman Sachs’ CEO mentioned that they might evaluate entering Bitcoin and Ethereum $2,574 markets if regulators allow it.”

Coinbase Listing Announcement

Coinbase recently announced it will list a trending altcoin on the Solana $110 network. The listing for Gigachad (GIGA) is scheduled for December 11, reflecting central exchanges’ aggressive listing strategies. Increased investor sentiment and rising volumes have accelerated listings for altcoins.

Following the announcement, the altcoin’s price surged by approximately 40%.

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İlayda Peker 10 December, 2024 - 8:14 pm 10 December, 2024 - 8:14 pm
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İlayda Peker
By İlayda Peker
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The author, who holds a degree in International Relations and Political Science, has 10 years of experience as a writer and editor in the fields of cryptocurrency, blockchain technologies, and digital asset markets.While at COINTURK, he has published over 8,500 news articles, analyses, essays, and reports on Bitcoin, altcoins, cryptocurrency markets, the blockchain ecosystem, digital asset regulations, and global financial developments. Closely following market movements and industry developments, the author addresses the complex world of cryptocurrency in a clear and reader-friendly manner.An avid reader, the author also evaluates the impact of international developments on financial markets and the digital asset ecosystem.
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