Microsoft Shareholders Vote Against Bitcoin Addition

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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 to the company’s reserves. Additionally, Coinbase announced a new listing that has garnered attention.

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 markets if regulators allow it.”

Coinbase Listing Announcement

Coinbase recently announced it will list a trending altcoin on the Solana 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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