Meta Shareholders Reject Bitcoin Proposal as Tech Giants Remain Cautious

Meta Platforms’ shareholders voted against allocating part of the company’s surplus cash reserves to Bitcoin, following the board’s recommendation that it was ‘unnecessary.’ This rejection reflects the growing skepticism among major tech firms about Bitcoin’s role in corporate treasury strategies. 4.98 billion shares opposed the proposal, while only 3.9 million voted in favor, demonstrating a clear and decisive rejection of the proposal.