Meta Platforms Inc. shareholders have voted against a proposal to assess the company’s potential purchase of Bitcoin for its treasury. The proposal did not receive enough support during the recent shareholder meeting. Meta Shareholders Vote No Bitcoin Treasury The vote results indicate that Meta’s shareholders are not yet ready to approve Bitcoin as part of the company’s financial strategy. This move differs a trend where major corporations including the Bank of England are planning to adopt Bitcoin on their balance sheets. The rejection of the proposal means Meta will continue managing its cash and short-term reserves without including Bitcoin. The final vote count showed 4.98 billion shares against, while only 3.9 million shares were in favor. The shareholder proposal called for Meta to evaluate adding Bitcoin to its corporate reserves. Despite the growing interest in cryptocurrency by some investors, the majority of shareholders rejected the idea. The proposal also recorded… Read More at Coingape.com
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