Meta shareholders have rejected a proposal to allocate part of its $72 billion cash reserves towards Bitcoin as an inflation hedge. Ethan Peck, advocating for this measure during Meta’s shareholder meeting, argued that incorporating Bitcoin could mitigate potential inflationary risks. However, the proposal was ultimately voted down, with no immediate market impact on crypto assets or blockchain metrics. This decision aligns with a pattern of corporate hesitation regarding Bitcoin as a viable treasury asset, echoing Microsoft’s previous rejection of similar proposals. While Meta might continue exploring technological advancements related to blockchain technology regardless of this specific Bitcoin allocation decision, the company’s long-term strategy towards crypto adoption remains contingent on evolving market trends and regulatory developments.