The shareholders voted on Meta platforms on a proposal to assess the Bitcoin addition to the company’s wardrobe during an annual meeting this week. According to reports, more than 4.9 billion shareholders voted against this step, as about 8.9 million shares, and more than 205 million people are not harmful.
This step makes Meta platforms the latest technical company to consider the shareholders’ batch to add Bitcoin to its wardrobe in the aftermath of Microsoft previously a few months ago. However, just such a move, it ended with disappointment after the shareholders voted Reject The proposal, quoting concerns about volatility. According to reports, the company said it was prioritizing artificial pressure on cryptocurrency investments.
The Meta Bitcoin’s proposal was presented by the investor Ethan Beck, who stands as a representative of the National Center for Public Research (NCPPR), the company is required to consider the possibility of transferring some cash and bonds to Bitcoin to better maintain the value of shareholders. At that time, the proposal gained remarkable attention, with strategy president Michael Celor supporting support to publicly cooking the initiative.
The descriptive shareholders vote on the bit of bitcoin
According to the stadiums, Meta had, as of September 30, 2024, about $ 72 billion in cash, cash rewards, and marketable securities, which the proposal claimed that values were eroded due to inflation and low returns. This step shows Bitcoin, which has fixed supplies and a strong trading pattern compared to bonds, as a trusted -term store in the long run.
Meta’s shareholders vote against the Bitcoin Treasury Assessment proposal pic.twitter.com/zeiruq2ok
Phoenix »Phoenixnews.io (Phoenixnewsio) May 30, 2025
According to the deposit, there was also an increasing boost in the adoption of the institutional Bitcoin, with the strategic Bitcoin acquisitions, Blackrock’s support for Bitcoin customization by 2 %, and speculation about the potential United States, despite the naming of the state -level Bitcoin reserves in 2025. “Bitcoin” and “Max”.
However, the Board of Directors was against the batch, describing it unnecessary. In their response, the definition council stated that the company has already has a strong administrative practice offered, noting that it gives priority to maintaining capital and liquidity to support its operations. The Board of Directors also added that the company usually evaluates these wide ranges of investment assets and when its last evaluation, there was no need for a separate evaluation that focuses on bitcoin.
Gravity towards stablecoins and AI on the agenda
According to a hadith statement, the Board of Directors clarified its decision to ignore the uproar of digital assets.
“Although we do not look at the advantages of cryptocurrency investments compared to other assets, we believe that the required evaluation is unnecessary given our current operations to manage our corporate cabinets,” Meta’s board of directors indicated in a statement.
Although the company may not look at Bitcoin in the short term, there will be no surprises if it decides to convert the focus in the future. This is because there were a large number of companies that have taken the transformation in the past, including the strategy. In addition, there is also an increasing trend for players in this field who have investments that focus on bitcoin over the past few months due to the comfortable regulations now in the United States.
Also, there are reports that Meta may be looking at Stablecoins at the present time, as the company also chose to focus on its continuous pushing to artificial intelligence. According to FORBES, META explores the integration of Stablecoins into its platforms to facilitate global payments, and to conduct discussions with infrastructure for encryption companies in this sense.
This step is to re -enter the company’s encryption space after its exit from the industry a few years ago after an organizational setback with the Diem project. The initial effort was looking to use Stablecoins for border payments, with the company hoped to provide a cheaper and faster alternative to the traditional system.
Cryptopolitan Academy: soon – a new way to earn a negative income with Defi in 2025. Learn more
