Meta Platform Inc. The shareholders have voted against the proposal to assess the potential purchase of the Bitcoin company for their treasures. The proposal did not get adequate support during the recent shareholder meeting.
Meta shareholders did not give any bitcoin treasure
Vote results suggest that Mata shareholders are not yet ready to approve bitcoins as part of the company’s financial strategy. This step separates a trend where the major corporations, including the Bank of England, are planning to adopt bitcoins on their balance sheet. Rejection of the proposal means that the meta will continue to manage its cash and short -term reserves without including bitcoins.
The final vote count was shown against 4.98 billion shares, while only 3.9 million shares were on the side. The shareholder proposal called Meta to evaluate adding bitcoins to its corporate reserves. Despite some investors’ increasing interest in cryptocurrency, most shareholders rejected the idea. The proposal also recorded 8.8 million restraints and more than 204 million brokers non-votes.
Matt Cole, CEO of Strike Asset Management, encouraged Meta’s leadership to consider bitcoin for his store. Speaking at the Bitcoin 2025 conference in Las Vegas yesterday, Cole directly addressed Mark Zuckerberg of Meta, said, said, said,
“You have already taken a step. You have named your goat bitcoin.
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Calvin Munene Murithi
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