Meta Rejects Bitcoin In Its Treasury: Shareholders Say No At 99.92%
Despite growing interest in bitcoin on corporate balance sheets, Meta categorically refuses. The overwhelming rejection of a proposal to integrate BTC as a treasury asset illustrates a rigid strategic stance and reveals an ultra-centralized governance model. This decision halts any financial experimentation initiatives within one of the world’s most powerful tech groups.
In brief
- Meta shareholders rejected the idea of adding bitcoin to the treasury by 99.92%.
- Unlike other companies, Meta remains frozen in the face of new financial allocation practices involving cryptos.
- Paradoxically, Meta is experimenting with stablecoins to pay its creators, revealing a cautious and segmented crypto strategy.
Bitcoin turned down at Meta: shareholders close the door on boldness
On May 28, 99.92% of Meta shareholders rejected a resolution to include BTC in their treasury. Proposed by Ethan Peck, this initiative was crushed by Mark Zuckerberg’s decision-making weight! He alone holds 61% of the voting rights.
This Soviet-era score signals the board’s impermeability to new ideas. This holds true even when supported by solid macroeconomic arguments against declining bond yields.
Why Meta refuses to integrate BTC into its treasury
While GameStop, MicroStrategy, or more recently H100 explore BTC as a way to protect their cash reserves, Meta will not buy bitcoins, as shareholders reject the idea of a treasury. This discrepancy raises doubts about the group’s ability to embrace emerging financial dynamics.
By refusing BTC, Meta sends a signal of caution… or stagnation. At a time when financial innovation is becoming a natural extension of technological strategy, the lack of movement is questioning.
Mark Zuckerberg slows down bitcoin: towards a mistimed strategy?
The case reveals a deep tension between Zuckerberg’s concentration of power and the agility required to integrate bitcoin into modern treasury strategies. By locking down any internal debate, Meta stifles a disruptive proposal driven by the market’s most capitalized cryptocurrency.
While actors explore Bitcoin to diversify their liquidity, Meta locks itself into a posture of caution. This waiting, under the guise of stability, could quickly turn into strategic inertia, unsuitable for a rapidly changing economic environment.
Meta refuses bitcoin as a treasury asset, but explores stablecoins to pay its creators. This paradox highlights a fragmented crypto strategy, revealing tension between controlled innovation and fear of volatility. The tech giant proceeds with cautious steps in the crypto universe.
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.