Meta Shareholders Overwhelmingly Oppose Proposal to Include Bitcoin in Reserves

According to a report by Jinse Finance, citing foreign media, shareholders of Meta Platforms (META.O) voted against a proposal to include Bitcoin in the company's finances at this week's annual meeting. It is reported that over 4.9 billion shares voted against this move, with only 3.92 million shares in support. Following Microsoft's push to mainstream Bitcoin a few months ago, Meta Platforms became the latest large tech company to consider pressuring shareholders to include Bitcoin in its assets. However, like Microsoft, shareholders voted against the proposal due to concerns about volatility. The proposal was submitted by investor Ethan Peck on behalf of the National Center for Public Policy Research in the United States, suggesting the company explore the possibility of converting part of its cash and bonds into Bitcoin to better preserve shareholder value.