zz Meta shareholders reject Bitcoin treasury plan
https://cybernews.com/news/meta-shareho ... sury-plan/
Investor Ethan Peck, representing the National Center for Public Policy Research, initially proposed to add Bitcoin as it can act as a better store of value, safe from inflation and low bond return. In Peck’s view, Bitcoin can offer a better reserve than Meta’s $72 billion cash, cash equivalents, and marketable securities. He argued that Bitcoin’s fixed supply and past price gains can offer a hedge.
Shareholders, however, have almost unilaterally rejected the proposal, with less than 0.1% voting in favour, according to a SEC filing.
https://www.sec.gov/ix?doc=/Archives/ed ... 250528.htm
-13. Shareholder Proposal Regarding Bitcoin Treasury Assessment
| For | Against | Abstentions | Broker Non-Votes |
|---|---|---|---|
| 3,916,871 | 4,980,828,562 | 8,857,588 | 204,772,865 |
The shareholders did not approve the shareholder proposal regarding Bitcoin treasury assessment.