Meta Shareholders Overwhelmingly Shoot Down BTC Treasury Proposal
Less than 1% of Meta shareholders backed a proposal for the tech giant to pursue a bitcoin treasury strategy.
Meta shareholders overwhelmingly voted against adding 
Bitcoin to the company treasury, with less than 1% support for the proposal.
What’s the Scoop?
- Lopsided Vote: Meta shareholders rejected the Bitcoin proposal with less than 1% in favor, making it the least popular item on the ballot.
- Proposal Details: The proposal, introduced by a shareholder, argued Bitcoin was a superior inflation hedge compared to Meta’s current $72 billion in cash holdings.
- Failed Campaign: Supporters like Strive Asset Management's CEO made public pitches during the Las Vegas Bitcoin Conference, but the proposal failed to gain traction.
Bankless
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