Meta vetoes Bitcoin Reserve Proposal Details Revealed: Shareholders Overwhelmingly Oppose

PANews reported on June 1 that according to a report by Golden Ten, Meta Platforms (META. O) Shareholders voted down the proposal to include Bitcoin in the company's finances at this week's annual meeting. More than 4.9 billion shares reportedly voted against the move, with only 3.92 million in favor. Following Microsoft's push to mainstream Bitcoin a few months ago, Meta Platforms is the latest big tech company to consider pressuring shareholders to include Bitcoin in its assets. However, like Microsoft, shareholders voted down the proposal due to concerns about volatility. The proposal was submitted by Ethan Peck, an investor on behalf of the National Center for Public Policy Research, who suggested that the company investigate the possibility of converting some of its cash and bonds into Bitcoin to better preserve shareholder value.

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