Summary
- Microsoft shareholders opposed Bitcoin (BTC) investment but are open to other cryptocurrency investment opportunities.
- Matthew Sigel indicated that Microsoft might consider investing in an Ethereum (ETH) ETF with staking support.
- Microsoft emphasized the importance of stability and predictability in its investment strategy while continuing to monitor cryptocurrency trends.
According to Crypto Briefing, a cryptocurrency-focused media outlet, Matthew Sigel, the head of digital asset research at the U.S. asset management firm VanEck, stated on his X (formerly Twitter) that "Microsoft shareholders opposed the Bitcoin (BTC) investment proposal, but they may be open to evaluating other cryptocurrency investment opportunities."
He further explained, "There is a possibility that they might consider investing in an Ethereum (ETH) exchange-traded fund (ETF) that supports staking."
Previously, Microsoft shareholders had disclosed the preliminary voting results of the Bitcoin investment proposal, revealing that only 0.55% of shareholders were in favor of BTC investment.
The Microsoft board explained, "We have already considered a variety of investment options, and therefore, BTC investment is deemed unnecessary. However, we will continue to monitor trends and growth in the cryptocurrency sector," emphasizing the need for stable and predictable investments for the company.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
