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Meta Won’t Add Bitcoin To Balance Sheet As Shareholders Strongly Reject Treasury Proposal

  • Shareholders of Meta rejected a proposal to add Bitcoin to the company's balance sheet with a large majority opposing it.
  • The proposal suggested converting a portion of Meta's $72 billion cash reserves into Bitcoin for potential long-term value preservation.
  • The proposal was put forward by Ethan Peck from NCPPR, highlighting Bitcoin's fixed supply and past performance compared to bonds as reasons for consideration.
  • Despite rejecting the Bitcoin treasury proposal, over 115 public companies globally have added Bitcoin to their balance sheets, with notable examples like Tesla and GameStop.

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