Meta Shareholders Rebuff Proposal to Invest in Bitcoin

Meta shareholders voted against a proposal that would have investigated incorporating Bitcoin into the company’s treasury, echoing similar trends seen in institutional adoption by firms like MicroStrategy. The vote was lopsided, with 4.9 billion votes opposing the initiative and only 3.9 million in favor. Additionally, 8.85 million shares did not participate in the vote. This significant margin underscores continued skepticism within Meta’s investor base regarding Bitcoin integration, particularly amid mounting regulatory concerns and volatility in the digital asset market.