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Bitcoin (BTC) Treasury News: Meta Shareholders Overwhelmingly Reject Plan

  • Meta shareholders decisively voted against a plan to include bitcoin in the company’s $72 billion treasury during the May 30, 2025 annual meeting.
  • A proposal put forward by bitcoin supporter Ethan Peck, associated with a conservative think tank, sought to protect against inflation by shifting a portion of Meta’s cash reserves into bitcoin.
  • Meta has no current bitcoin holdings but previously engaged with stablecoins through its now-defunct Diem project and is exploring stablecoins for cross-app payments.
  • Nearly 5 billion votes opposed the proposal, with only 3.92 million in favor; Meta's board opposed the measure citing sufficient treasury management processes.
  • The rejection keeps Meta’s treasury unchanged, yet crypto advocates remain likely to push major companies to reconsider digital asset strategies as regulations evolve.
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Meta crushes a bitcoin proposal at 99.92%. A stifled rebellion, a locked empire. While others are betting on the BTC, Zuckerberg slows down. Master blow or missed opportunity? Immerse yourself in the cloudy strategy of the tech giant. The Meta article rejects Bitcoin in its cash flow: Shareholders say no to 99.92% appeared first on Cointribune.

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Coingape broke the news in on Friday, May 30, 2025.
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