Microsoft discloses reasons for rejecting Bitcoin investment: the company is already considering various investment options, and the proposal is unnecessary

ChainCatcher news, Microsoft's board disclosed in regulatory filings its reasons for rejecting the investment in Bitcoin, stating that the proposal was unnecessary as the company is already considering various investment options.

Microsoft pointed out that, as mentioned in the proposal itself, the volatility of Bitcoin is a factor to consider when evaluating it as an investment for corporate financial applications, as businesses require stable and predictable investments to ensure liquidity and operating funds. Microsoft already has strong and appropriate processes in place to manage and diversify corporate finances for the long-term interests of shareholders, making the request for a public evaluation unnecessary.

Microsoft also added that past assessments have listed Bitcoin and other cryptocurrencies as one of the options considered, and the company will continue to monitor trends and developments related to cryptocurrencies to guide future decisions.