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Crypto Queen 👑

06/03 10:03

Why 95% Meta Shareholders Rejected Bitcoin Treasur

Why 95% Meta Shareholders Rejected Bitcoin Treasury Proposal?

In a decisive move, 95% of Meta shareholders voted against Bitcoin Treasury proposal, similar to other tech giants like Amazon and Microsoft.
  • Meta remains focused on traditional strategies, growing its cash reserves to $30 billion while ignoring Bitcoin.
  • Analysts argue that Bitcoin’s high volatility makes it an impractical choice for tech giants.
  • Startups and smaller businesses, however, find BTC treasuries more appealing due to their willingness to embrace volatility.
  • If Bitcoin sustains its historical 50% annual growth rate, Satoshi Nakamoto could overtake Mark Zuckerberg in wealth rankings by next year.

In a big move, an overwhelming 95% of Meta shareholders have voted against building a Bitcoin Treasury, with just 0.1% voting in favour. With this, the tech giant joins its peers like Amazon and Microsoft in rejecting the proposal to add BTC to the balance sheet. On the other hand, companies like Strategy, Metaplanet, Semler Scientific, etc. have been rushing to build their BTC reserves1748941411763.png


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