Meta shareholders overwhelmingly reject Bitcoin fiscal strategy proposal, with only 0.08% in favor

Odaily News According to the SEC document on May 28, Meta shareholders overwhelmingly rejected the proposal to allocate part of the $72 billion in cash to Bitcoin with nearly 5 billion votes against and only 3.92 million votes in favor. The proposal was initiated by Ethan Peck, a Bitcoin advocate and Bitcoin director of Strive Wealth Management, who had proposed similar proposals to Microsoft and Amazon. Microsoft has currently rejected the proposal, and Amazon has not yet voted.
Peck advocates for Bitcoin as a strategic reserve asset to cope with monetary policy uncertainty. Although Meta has previously been involved in the blockchain project Libra (later renamed Diem and has been closed), the company's attitude towards crypto assets is still unclear. Earlier this year, it was reported that Meta was exploring the use of stablecoins to manage payments between applications. (CoinDesk)