Microsoft Hit by $3.2 Billion Sell-Off From Bill Gates Foundation
BeInCrypto
The Bill & Melinda Gates Foundation has sold its entire $3.2 billion stake in Microsoft to fund future charitable grantmaking and endowment goals.Summary
The Bill & Melinda Gates Foundation recently liquidated its entire $3.2 billion holding in Microsoft. The sale is part of a planned strategy to increase annual grantmaking to $9 billion by 2026 and eventually wind down the foundation's endowment by 2045, rather than a reflection of a bearish outlook on the company. While the news triggered a minor dip in Microsoft's stock price, investor Bill Ackman capitalized on the move by disclosing a new $2.3 billion position in the company, citing the stock's compelling valuation following recent market volatility.
(Source：BeInCrypto)