Meta Rejects Bitcoin Integration Proposal Despite Crypto Advocate’s Plea

Meta Platforms has rejected a proposal to incorporate Bitcoin into its financial strategy, defying calls from crypto advocate Ethan Peck and other proponents. The proposal faced overwhelming opposition, with shareholders voting down the initiative by a significant margin. While CEO Mark Zuckerberg voted against it, Peck argued that Bitcoin could act as a hedge for Meta’s vast assets during periods of inflation, highlighting its potential to safeguard $72 billion in cash reserves. ]