## **🚨 Meta Shareholders Crush Proposal to Add Bitcoin to Treasury**
**📌 Key Takeaways:**
- **Near-Unanimous Rejection**: Only **0.08%** of votes (3.92M out of 5B) supported adding #Bitcoin to Meta’s $72B cash reserves.
- **Who Pushed It?**: Proposal by **Ethan Peck** (Bitcoin advocate), part of a broader campaign targeting **Microsoft & Amazon**.
- **Context**: Meta previously failed with **Libra/Diem** stablecoin—now cautiously exploring stablecoins for payments.
**💡 Why It Matters:**
- **Corporate BTC Adoption**: Despite MicroStrategy’s aggressive bets, giants like Meta remain skeptical.
- **Regulatory Shadow**: Post-Libra, Meta avoids crypto risks but eyes stablecoins for app payments.
**📊 Market Reaction:**
- **META Stock**: +3.5% Monday ($670.09), unaffected by the vote.
- **BTC Price**: Unmoved—proof this was a symbolic gesture, not a market mover.
**🔮 What’s Next?**
- **Amazon & Microsoft**: Votes pending, but likely similar outcomes.
- **Meta’s Crypto Future**: Focus shifts to **private stablecoins**, not BTC treasury bets.
**⚠️ Bottom Line:**
Bitcoin maximalists want corporate adoption, but cash-rich tech giants aren’t biting—yet.
