Meta, Microsoft, and Amazon Pass on Bitcoin: Was It the Right Move?

Tech giants Meta, Microsoft, and Amazon have opted out of including Bitcoin in their financial reserves, mirroring a broader trend. Just 0.1% of Meta shareholders backed a proposal to integrate Bitcoin into its holdings, highlighting a stark contrast with other companies like Netflix, Google, and Verizon that are significantly more cautious. While some argue this signifies a missed opportunity for diversification, others highlight the strategic positioning of tech firms’ existing cash reserves.