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Image Credit: Coin Telegraph

Meta won’t buy Bitcoin as shareholders knock back treasury idea

  • Meta shareholders reject proposal to assess adding Bitcoin to balance sheet.
  • Bitcoin advocate Ethan Peck's proposal for Meta to invest in Bitcoin was voted against, with only 0.08% in favor.
  • Meta's second-largest shareholder, BlackRock, suggested a 2% Bitcoin allocation which was not approved.
  • Despite rejections, numerous public companies worldwide have been buying Bitcoin for their balance sheets.

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