Meta Shareholders Reject Bitcoin Treasury Proposal, Signaling Industry Cautiousness

Meta’s shareholders overwhelmingly rejected a proposal to integrate Bitcoin into the company’s treasury. Only 0.1% of shareholders supported the initiative, while 95% voted against it. This decision reflects the tech industry’s cautious approach to cryptocurrency despite Meta’s continued exploration of stablecoin integration. The Board of Directors emphasized existing treasury processes prioritizing liquidity and capital preservation, citing stability as a primary concern for their strategy.