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Meta shareholders reject the Bitcoin Treasury Plan, Zuckerberg as well

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Meta’s shareholders voted on a proposal to add Bitcoin to the company’s public budget, and it was likely to be CEO Mark Zuckerberg.

There was only 3.92 million votes in favor of the proposal, presented by BTC AdvoKate and the director seeking Ethan Beck in January, And more than 5 billion against, according to May 28, organizational deposit.

Mark Zuckerberg

Mark Zuckerberg is likely to vote against the addition of Bitcoin to the public budget for Mita

With Meta Mark Zuckerberg CEO, he controls more than 61 % of the company’s voting power, according to April OrganizationalIt seems that it was among those who voted against the proposal

Beck called for investing a portion of $ 72 billion of cash and cash equals to Bitcoin, on the pretext that it will help the company to hedge its reserves against inflation.

He said in his supportive statement: “Since the criticism is constantly attached and bond revenues are less than the real inflation rate, 28 % of the total assets of Meta are constantly diminishing the value of the shareholders.”

He added that the second largest shareholder in Meta, Black Rock, previously said that 2 % BTC The customization is reasonable for the company.

The Amazon vote after Microsoft, Meta Rejects

The definition proposal is not the first that Beck put forward. He also conducted the idea of ​​Microsoft and Amazon shareholders on behalf of the conservative Think Tank, the National Center for Public Policy Research (NCPPR).

Microsoft shareholders rejected the proposal in December. With Meta supporters the same thing, the market will turn its attention to Amazon. The shareholders are currently waiting for the technology giant to vote if the company should allocate at least 5 % of the company’s assets Bitcoin.

Although Microsoft and Meta are chosen to leave Bitcoin from their public budget, Data From Bitcointreasuries, 116 other companies that added BTC to their public budgets so far.

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