Recently, Meta's shareholders (formerly Facebook) overwhelmingly rejected the proposal to include Bitcoin in the company's treasury. The voting results showed that less than 1% of shareholders supported this idea, which is nothing short of a shock for those hoping the company would join the positive trend of cryptocurrency storage.
This result is not new; previously, Microsoft also made a similar decision by refusing to invest in Bitcoin. Notably, while some financial companies, Tesla, and many other tech firms are actively accumulating Bitcoin as a reserve asset, tech giants like Meta, Amazon, and Microsoft seem to remain cautious and are not yet ready to participate in this trend.
The reluctance of technology giants may stem from several reasons. Bitcoin is still very new and volatile, and not investing in it could be a strategy to protect the company's assets and reputation. Meanwhile, many other businesses and countries have recognized the potential of Bitcoin and are looking to capitalize on the trend, indicating that the cryptocurrency market has never ceased to be attractive.
Meta's shareholder vote reflects a larger picture of polarization within the industry. Will tech giants continue to maintain their cautious stance, or will they change in the near future? Time will answer this question, but it is clear that Bitcoin and other digital assets are still on the path to proving their worth.$BTC
