Shareholders of metal platforms he voted against A plan to check if the company should store Bitcoin as part of cash reserves. Almost 9 million actions were an uprising, and almost 205 million actions counted as a brokers not voting. Voting took place at the company’s annual meeting this week. There was no support, the proposal failed.
Shareholders reject Bitcoin
According to public applications, the investor Ethan Peck from the National Center for Public Policy Research asked Meta to examine whether to exchange parts of $ 72 billion in cash, cash equivalents and delayed securities on Bitcoin It can facilitate protect the value.
Peck pointed out that inflation and low returns from the bonds erod the company’s cash treasure. He noticed that the constant supply of bitcoins and earlier price increases could be a security. Some shareholders voted in favor, but most of the company’s management board.
The meta shareholders platforms vote against the Bitcoin treasury assessment proposal pic.twitter.com/zeirhq2ok
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The Council quotes solid treasure management
Based on reports, the meta directors said No need for a separate Bitcoin test. They claimed that the company already had a cash safety plan.
Meta leaders wrote that they regularly review many types of investments to make sure they have a sufficient number of liquid funds for business. They did not comment on whether Bitcoin was a good or bad choice. Instead, they said that their existing process meets all their needs.
Push for Corporate Bitcoin is miniature
The National Center for Public Policy Research has tried similar thrusts in Microsoft and Amazon. Microsoft shareholders in December 2024 rejected the offer to place Bitcoin in the balance sheet.
Amazon stood in the face of a comparable idea, but he did not work on it. Even when some technology leaders present tips – Mark Zuckerberg called his goats “Bitcoin” and “Max”, and the board member Marc Andreessen sits on the Coinbase board – companies remain cautious. The price fluctuations and additional rules related to having cryptocurrency are worried.
The finish moves to Stablecoin
Instead of buying bitcoins, the finish is now more interested Stablecouins. Based on reports, the company conducts talks with cryptographic infrastructure partners on the operate of Stablecoin for global payments. This would allow you to send money faster and cheaper over borders.
It also means a return to cryptographic efforts after closing the meta project. In 2022, Diem was put on shelves among American regulatory. Novel Meta Movements suggest that it wants payment technology, but without a wild Bitcoins price.
For now, Bitcoin will not sit in the Meta balance sheet. Some public companies such as Tesla i Strategy I laid immense Bitcoin factories. The Meta council prefers, however, a more classic treasure configuration. By leaning towards Stablecouins, they show that they want speed and stability in relation to the dramatic ups and falls of cryptocurrencies.
A distinguished picture from Unsplash, TradingView chart
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