Microsoft May Enter the Bitcoin Game, Related Stocks Surge in Pre-MarketBitcoin has reclaimed the $68,000 mark today, sending related stocks higher in pre-market trading. According to documents disclosed by the Securities and Exchange Commission (SEC), Microsoft is considering an investment in Bitcoin
Microsoft May Enter the Bitcoin Game, Related Stocks Surge in Pre-Market
Bitcoin has reclaimed the $68,000 mark today, sending related stocks higher in pre-market trading. According to documents disclosed by the Securities and Exchange Commission (SEC), Microsoft is considering an investment in Bitcoin. The company plans to hold a vote on the proposal to evaluate a Bitcoin investment at its annual meeting in December. Shareholders, including Vanguard, BlackRock, and State Street, will be eligible to vote on the proposal.
The news has sent Bitcoin-related stocks like Bitfarms, MicroStrategy, and BitDigital soaring over 3%, while Canaan Inc. rose nearly 3%. Coinbase, CleanSpark, MARAHoldings, Riot Platforms, and others are also up more than 2%.
Microsoft, a global tech giant, investing in Bitcoin could further boost the market recognition of Bitcoin and bring more investment opportunities to the cryptocurrency industry. Investors are closely watching the final vote outcome and the specific details of Microsoft's Bitcoin investment plan.
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