Meta, the parent company for Facebook and Instagram, voted by a overwhelming majority against a proposal to diversify the corporate treasury in Bitcoin.
This indicates that large technology is still cautious about adopting the best cryptocurrencies despite the high interest of companies.
According to the joint documents on X, Motion Motion received only 3.9 million votes in favor, while more than 4.9 billion opposition. It refrained from 8.9 million shares, and 205 million shares of non -residents.
This vote follows the suggestion of Ethan Beck, one of Mata’s shareholders, earlier this year.
Beck Meta called for a portion of his cash reserves and bonds to Bitcoin, noting the adoption of the increasing institutions and the possibility of the asset to outperform traditional financial tools.
However, the Meta Council rejected the proposal even before the vote, noting that the company has already had strong practices for the Treasury Management.
The Board of Directors confirmed that there is no convincing reason to consider Bitcoin, although he did not reject digital assets just as a concept.
“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,” I mentioned.
However, Meta did not exclude the fully Blockchain technology. According to what was reported, the company held early stage discussions with infrastructure companies for the potential integration of Stablecoin to support global payments.
Meanwhile, the vote ends months of speculation that Meta may follow the steps of companies such as Strategy, which has accumulated bitcoin hard as a backup asset.
The parent company’s decision on Facebook also reflects the rejection of the last shareholders in Amazon and Microsoft, both of which rejected similar proposals.
Some speculation surrounding Meta arose from Mark Zuckerberg’s CEO with encryption culture, including the fact that a goat is called Bitcoin.
It is worth noting that market analysts have put forward that Meta can lead a new wave of technology companies that build digital assets.
“If Meta or Microsoft BTC adds to its public budget, it will have a greater impact than all the smaller companies you undertake. Make up.
As of May 2025, more than 85 general public companies have more than 804,000 BTC, according to Hodl15CAPITAL. The strategy leads the package with more than 580,000 BTC under its control.
Disintegration
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