The shareholders from the Meta platform are not to the social media that Zuckerberg that places Bitcoin on the public budget – Amazon.com (Nasdaq: Amzn)
Shareholders Meta Platforms Inc. Dead Refuse a proposal to consider the addition Bitcoin BTC/USD To the company’s public budget.
What happened: The “Treasury Evaluation on Bitcoin” got only 3.92 million votes in favor, which reflects about 0.1 % of the total. A large number of 4.98 billion votes, or 95 % of the total were made against the proposal during the company’s annual shareholders meeting, according to an organizational report on May 28.
“The shareholders did not agree to the shareholder proposal regarding the evaluation of the Bitcoin Treasury,” a statement of file reading
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The proposal was presented in January Ethan BeckWhich recommended that the allocation of Meta is part of the equivalent of $ 72 billion of cash and cash to “an enlarged resistant store”.
Why do it matterPECK is a deputy director at the National Center for Public Policy Research, and it is the United States -based Conservative Research Center, which submitted similar investment proposals to Bitcoin to Microsoft Corp. Msft and Amazon.com Inc. amzn.
While Microsoft’s shareholders rejected the proposal, stakeholders have not yet voted in Amazon.
This development comes in the wake of an appeal Matt Colechief executive officer Asset management pursuitTo Meta to consider adding bitcoin to its reserves. Cole made this general call at the Bitcoin 2025 conference in Las Vegas.
Disclosure: 82 % of CFD retail accounts lose money
PriceAt the time of writing this report, BTC has exchanged hands at 106,134.28 dollars, an increase of 0.89 % in the past 24 hours, according to Data from Benzinga Pro.
Meta shares increased by 0.10 % in trading hours after closing by 3.62 % at $ 670.90 during the regular trading session on Monday.
The arrow is well recorded on momentum, growth and quality standards to this lines. Check Benzinga Edge shares to see how other “MAG 7” shares are compared.
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Slip: This content was partially produced with the help of Benzinga Neuro, reviewed and published by Benzinga editors.
