Meta Platforms Shareholders Say No To Mark Zuckerberg-Led Social Media Titan Putting Bitcoin On The Balance Sheet
Shareholders of Meta Platforms Inc. (NASDAQ:META) rejected a proposal to consider adding Bitcoin (CRYPTO: BTC) to the company’s balance sheet.
What Happened: A proposal for a “Bitcoin Treasury Assessment” garnered only 3.92 million votes in favor, reflecting about 0.1% of the total. A whopping 4.98 billion votes, or 95% of the total, were cast against the proposal during the company’s annual shareholders meeting, according to a May 28 regulatory filing.
“The shareholders did not approve the shareholder proposal regarding Bitcoin treasury assessment,” a statement from the filing read
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The proposal was introduced in January by Ethan Peck, who recommended …
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