Microsoft shareholders turned down a proposal calling on the company to consider diversifying its investments by including Bitcoin in the mix, but the company was actually more open-minded than it might seem.

Microsoft shareholders rejected a proposal that would've tasked the company's board of directors with considering investments in bitcoin as a means of diversifying its portfolio.

Microsoft shareholders vote on a Bitcoin investment proposal, with a slim 11% approval chance. Major stakeholders influence the decision.

Despite Bitcoin surpassing $101,000 on Wednesday, Microsoft shareholders are still not convinced the risk is worth the reward.

Microsoft shareholders strongly opposed a recent proposal for the company to invest part of its assets in Bitcoin.

The vote is a part of a growing movement of governments and companies to invest in Bitcoin as a hedge against inflation.

The Vancouver City Council has approved a pioneering motion to explore the integration of Bitcoin into the city’s financial framework, signaling a potential shift towards establishing Vancouver as a “Bitcoin-friendly city.