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Meta considered investing a portion of its cash reserves into Bitcoin, but shareholders rejected the proposal at the company’s annual meeting on May 28th. Despite the growing adoption of cryptocurrency, including a supportive stance from former US President Donald Trump, Meta’s shareholders dismissed the idea of a Bitcoin treasury assessment. The company had previously disclosed to shareholders that Bitcoin was not currently included in its investment strategy. This decision indicates a cautious approach towards cryptocurrency adoption by Meta, despite its prominence in the digital landscape. The vote highlights the ongoing debate and varying opinions on the suitability of Bitcoin as a corporate treasury asset.
