US EditionMeta Platforms Shareholders Say No To Mark Zuckerberg-Led Social Media Titan Putting Bitcoin On The Balance Sheet - Amazon.com (NASDAQ:AMZN)
- At the May 30 annual meeting, Meta Platforms shareholders overwhelmingly voted against a measure that would have involved incorporating Bitcoin into the company's $72 billion cash assets.
- In January, a proposal was put forward by a deputy director of a U.S.-based conservative think tank, suggesting that Meta mitigate inflation risk by allocating a portion of its cash reserves into Bitcoin.
- Similar initiatives were directed at Microsoft and Amazon, while the head of Strive Asset Management publicly encouraged Meta to incorporate Bitcoin into its strategic reserves during the 2025 Bitcoin conference held in Las Vegas.
- The vote resulted in about 4.98 billion shares against and only 3.92 million shares in favor, representing less than 0.1% support, according to a May 28 SEC filing.
- The rejection leaves Meta's treasury strategy unchanged, with no immediate effect on crypto markets, though pressure on US blue-chip companies to consider digital assets may continue as regulation evolves.
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Meta Platforms Shareholders Say No To Mark Zuckerberg-Led Social Media Titan Putting Bitcoin On The Balance Sheet - Amazon.com (NASDAQ:AMZN)
Shareholders of Meta Platforms Inc. (NASDAQ:META) rejected a proposal to consider adding Bitcoin (CRYPTO: BTC) to the company’s balance sheet. What Happened: A proposal for a “Bitcoin Treasury Assessment” garnered only 3.92 million votes in favor, reflecting about 0.1% of the total. A whopping 4.98 billion votes, or 95% of the total, were cast against the proposal during the company’s annual shareholders meeting, according to a May 28 regulatory…
Meta Won’t Add Bitcoin To Balance Sheet As Shareholders Strongly Reject Treasury Proposal
Shareholders of Mark Zuckerberg’s Meta have voted against a proposal to consider adding Bitcoin to the company’s balance sheet. According to a May 28 filing with the U.S. Securities and Exchange Commission, an eye-popping 4.9 billion votes were cast in opposition while 3.92 million — a mere 0.08% of the total — supported the proposal. Meta CEO Mark Zuckerberg controls 61% of the company’s voting power, an April regulatory statement reveals, whic…
RFG Advisory LLC Buys 3,681 Shares of Meta Platforms, Inc. (NASDAQ:META)
RFG Advisory LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 17.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,215 shares of the social networking company’s stock after purchasing an additional 3,681 shares during the period. RFG Advisory […]
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