Meta Platforms shareholders have rejected a proposal to invest its cash reserves in Bitcoin, leading to significant investor pushback due to the cryptocurrency’s volatility. The proposal, put forth by Ethan Peck, aimed to utilize Bitcoin as a hedge against inflation. While Peck argued for its strategic value, Meta’s board recommended rejection based on existing treasury strategies. 4.9 billion shares opposed the move compared to only 3.92 million in favor, highlighting the overwhelming investor resistance to adopting Bitcoin at this time. The proposal’s failure reflects a broader trend of tech giants like Microsoft and Meta showing reluctance towards full-scale integration of Bitcoin despite its potential benefits.