The shareholders decided: no bitcoin

Meta Platforms (Meta) shareholders rejected the initiative that proposes to add bitcoin to the company’s balance sheet. According to the notification made to the US Securities and Stock Exchange Commission (SEC):

Total “No” vote: ~ 5 billion

“Yes” vote: 3.92 million

Support Rate: Only 0.08 %

This result shows that corporate investors are still cautious about adopting Bitcoin as a strategic reserve presence.

📢 Owner of the offer: Who is Ethan Peck?

The proposal was presented by Ethan Peck, Bitcoin director at the asset management company. Peck’s goal was not only commodity:

Microsoft presented a similar suggestion (rejected)

The proposal for Amazon has not yet been submitted to voting

PECK’s argument:

“Meta should be protected against inflation by transferring some of the $ 72 billion cash reserve to Bitcoin. BTC may be the company’s long -term durability shield.”

The proposal received the support of the conservative thinking organization called National Center for Public Policy Research (NCPPR).

🪙 Meta and Crypto: Uncertainty continues

Meta is not alien to the crypto world even though Bitcoin does not hold:

2019: announced the Libra project.

Objective: Global Stablecoin System

Problem: regulatory pressures and internal conflicts

Conclusion: It was closed in 2022 (first turned into diem, then canceled)

2021: “Facebook” made its name “Meta” and announced its vision

2024–2025: Reports have been working on new pilot projects for Stablecoin -based payment systems

The company’s crypto strategy is currently uncertain and fragmented, a powerful roadmap is not shared with the public.

📈 stock performance

Although the shareholders refused the proposal, meta shares reacted positively:

Monday, June 2: 3.5 %rise

Share Price: $ 670.09

This rise may have shown that investors have positively evaluated the fact that Meta does not deviate from the traditional line in cash management.

The commodity example clearly reflects the cold in the institutional world’s approach to Bitcoin. Although examples like Tesla and Microstrategy have created excitement, the general tendency is cautious. 99.92 %of meta shareholders, “Bitcoin strategic reserve?” A hard “no,” he said to the question.

But the question is: Did they really refuse this proposal, or did they step back because they didn’t trust the uncertain and hasty crypto plans?

In the corporate investment world, the adoption of crypto is a marathon - and Meta seems to be waiting on the edge in this race.