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Meta Declines Bitcoin Investment After Shareholders Reject Treasury Proposal

  • Meta shareholders rejected a proposal to explore holding Bitcoin, with nearly 5 billion votes against the idea.
  • Despite suggestions from a Bitcoin advocate to hedge against inflation, only 0.08% of votes supported moving some of Meta's cash reserves to Bitcoin.
  • Mark Zuckerberg's majority voting power implied his opposition to the proposal to allocate funds to Bitcoin for financial resilience.
  • While firms like GameStop and MicroStrategy embrace Bitcoin, Meta continues to adhere to a more traditional cash reserve approach.

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