### **Meta Shareholders Shut Down Bitcoin Treasury Proposal**

Meta (META) investors have **resoundingly rejected** a proposal to explore adding bitcoin to the company’s $72 billion cash reserves.

#### **Key Takeaways:**

- Only **0.08%** of shareholders (3.92 million votes) supported the idea.

- Nearly **5 billion votes** were cast against it.

- The proposal was pushed by **Ethan Peck**, a bitcoin advocate from wealth management firm **Strive**, who also targeted **Microsoft** (rejected) and **Amazon** (pending vote).

Peck argued that Meta should allocate some of its cash reserves into bitcoin as an **inflation hedge** and strategic asset. However, shareholders weren’t convinced.

#### **Meta’s Crypto History**

Meta has experimented with crypto before—most notably with **Libra (later Diem)**, a failed stablecoin project. While the company has scaled back its metaverse ambitions, reports suggest it’s still exploring **stablecoins for payments** across its apps.

For now, though, bitcoin won’t be joining Meta’s balance sheet.

*What do you think? Should tech giants like Meta hold bitcoin as a reserve asset?* 🚀 #BTC #Meta #Crypto

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