Meta shareholders overwhelmingly oppose proposal to include Bitcoin in reserves

Odaily News Meta Platforms (META.O) shareholders voted down a proposal to include Bitcoin in the company's financials at its annual meeting this week. More than 4.9 billion shares reportedly voted against the move, with only 3.92 million in favor. Following Microsoft's push for Bitcoin to go mainstream a few months ago, Meta Platforms became the latest major tech company to consider pressuring shareholders to include Bitcoin in its assets. However, like Microsoft, shareholders voted down the proposal due to concerns about volatility. The proposal was submitted by investor Ethan Peck, a representative of the National Center for Public Policy Research, who suggested that the company study the possibility of converting some of its cash and bonds into Bitcoin to better protect shareholder value. (Jinshi)