Gates Foundation Liquidates Microsoft Holdings

BlockBeats News, May 17th, according to a filing submitted to the U.S. Securities and Exchange Commission, the Gates Foundation sold the remaining nearly 7.7 million shares of Microsoft stock in the first quarter of this year, valued at $3.2 billion based on the current stock price. By the end of the first quarter, the charitable foundation no longer held any Microsoft shares.

Market analysts believe that this sale is in line with Bill Gates' recent charitable plans. Bill Gates announced last year that he would gradually end the foundation's operation over the next 20 years and during this period, all assets would be fully dedicated to charitable purposes.

In May last year, Bill Gates announced that he would donate most of his personal wealth to the Gates Foundation and set a goal for the foundation to spend over $200 billion on charitable activities before ceasing operation by 2045 to support people in need around the world. He also announced that on December 31, 2045, the Gates Foundation will permanently close.