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There was a proposal asking Microsoft’s board of directors to assess whether holding bitcoin on the company’s balance sheet would benefit shareholders long-term. 

Shareholders voted against it, the company revealed Tuesday. This wasn’t really a surprise, as the board had pushed for that result, giving the following rationale:

Still, bitcoin bull Michael Saylor got some face time (sort of) with company directors and shareholders via a pre-recorded presentation played at today’s meeting.

Saylor has creatively described bitcoin in many ways over the years — from an…

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