Following Microsoft and Amazon, Meta has rejected the adoption of a Bitcoin financial strategy.

Gate News bot news, Meta Platforms Inc. recently rejected a shareholder-supported initiative at its annual shareholder meeting aimed at exploring the incorporation of Bitcoin into the company’s finances.

Shareholders voted on 14 proposals, all of which were detailed in the filings submitted to the U.S. Securities and Exchange Commission on April 17, (SEC).

The proposals related to Bitcoin have attracted widespread attention, as other major tech company shareholders have also put forward similar proposals, but there has basically been no real progress. Despite the increasing discussions about incorporating cryptocurrencies into corporate finances, Meta shareholders decisively rejected the idea—less than 0.1% of votes in favor, 95% of votes against, and about 8.9 million shares abstained.

Previously, both Microsoft and Amazon received shareholder proposals urging them to allocate part of their reserves to Bitcoin, but both companies firmly rejected the proposal due to concerns about Bitcoin’s volatility and the need for financial operational stability.

Source: Bitcoin.com

BTC1.68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Mr.Shuijinvip
· 06-03 04:15
These big companies have made a wrong move, and soon the world will prove them wrong, lacking vision and awareness! Sticking to their interests, stubborn and inflexible!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)