Meta Stockholders Cast Overwhelming Vote to Scrutinize Bitcoin Asset Management Idea Rejection
The Daily Hodl's Take: Meta Says No Way to BTC Treasury Proposal
For all the crypto enthusiasts out there, the recent news might not have been too promising. Mark Zuckerberg's Meta just shot down a suggestion to create a Bitcoin treasury for the tech giant, as reported in their recent 8-K filing with the U.S. Securities and Exchange Commission (SEC).
According to the filing, a majority of Meta's shareholders voted down the proposed Bitcoin treasury as a hedge against inflation, with just over 0.1% in favor. A substantial 99.9% of votes were cast against the idea.
If you're losing track, don't fret—it's a pretty decisive "no".
When it comes to who might have voted against the proposal, it's safe to make an educated guess that Meta's founder and controlling shareholder, Mark Zuckerberg, was one of them. With over 60% of the shares under his control, it's his call, and he's made it clear that he's not jumping aboard the BTC bandwagon just yet.
However, despite this, Meta is rumored to be looking into the world of stablecoins, exploring the possibilities that digital assets offer. After all, with growing interest and demand in the crypto market, who can yet say what the future might hold for the tech giant?
But for now, it's back to business as usual at Meta. So, keep one eye on the cryptocurrency market and the other on Meta—you never know what might happen next!
And if you're in a crypto mood, don't forget to check out our latest stories, FAQs, and guest posts on HODLX. Remember, while cryptocurrencies can be a gamble, being informed is key to making smart investment decisions!
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl is not an investment advisor.
Sources:
- Meta Platforms, Inc. | May 26, 2025 10-Q | SEC Filing
- Meta shareholders say no to Bitcoin treasury proposal Bitcoin Magazine
- Cointelegraph
- CoinDesk
- NPR
- In the evolving world of fintech and finance, Meta's decision to not create a Bitcoin treasury has sparked debates among cryptocurrency investors.
- Despite voting down a Bitcoin treasury proposal, Meta is reportedly exploring the realm of stablecoins, indicating a possible foray into the cryptocurrency industry.
- As altcoins and blockchain technology continue to reshape the business landscape, Meta's stance on Bitcoin might not reflect its overall approach to digital assets.
- Investing in cryptocurrencies, whether it's Bitcoin or altcoins, requires thorough research and understanding of the industry, given its inherent volatility and rapid changing nature.
