Meta’s Bitcoin Dreams Dashed: Shareholders Say “Not Today!”

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In a rather theatrical display of corporate governance, the motion to explore the allocation of Bitcoin—much like the audacious escapades of MicroStrategy—met with a resounding thud at the latest shareholder meeting. It seems the idea of mixing digital gold with Meta’s treasury was about as popular as a cat at a dog show.

Lopsided Vote Reflects Cautious Sentiment

The final tally was nothing short of a spectacle: 4.9 billion votes stood firmly against the initiative, while a mere 3.9 million dared to support it. An additional 8.85 million shares, perhaps too busy contemplating their existence, abstained from voting altogether. This significant margin serves as a stark reminder that Meta’s investors are not quite ready to embrace the wild world of Bitcoin, especially with the ever-watchful eyes of regulators lurking in the shadows and the volatility of digital assets resembling a soap opera plot twist.

Crypto Advocates Face Setback

Alas, this outcome is a bitter pill for those crypto enthusiasts who had pinned their hopes on Meta becoming a beacon of institutional Bitcoin adoption. They envisioned the tech giant as a “Big Tech” leader in the cryptocurrency arena, but it appears that dream has been put on hold—perhaps indefinitely, like a sitcom that never gets renewed.

For the time being, Meta seems content to stick with its current financial strategy, signaling that, despite the growing buzz in the industry, large-cap tech firms remain as cautious as a cat on a hot tin roof when it comes to directly holding Bitcoin. Who knew finance could be so… thrilling? 😏

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2025-05-31 04:24