Shareholders at Mark Zuckerberg’s Meta have determined to shoot down a proposed Bitcoin (BTC) treasury for the tech large.
In line with an 8-Ok Submitting with the U.S. Securities and Change Fee (SEC) from final week, the overwhelming majority of Meta shareholders voted towards a BTC treasury proposal as a hedge towards inflation.
“On Could 28, 2025, Meta Platforms, Inc. (the “Firm”) held its annual assembly of shareholders by way of reside audio webcast… On the Annual Assembly, the Firm’s shareholders voted on fourteen proposals, every of which is described in additional element within the Firm’s definitive proxy assertion filed with the Securities and Change Fee on April 17, 2025…
Originally of the Annual Assembly, there have been 1,769,720,699 shares of Class A typical inventory and 342,865,499 shares of Class B frequent inventory current or represented by proxy on the Annual Assembly, which represented 92.61% of the mixed voting energy of the shares of Class A typical inventory and Class B frequent inventory entitled to vote on the Annual Assembly (voting collectively as a single class), and which constituted a quorum for the transaction of enterprise.”
In line with the submitting, 3.9 million shares voted for the proposed treasury, whereas 4.9 billion shares voted it down.
Since founder Mark Zuckerberg controls roughly 60% of the shares, it may be moderately assumed that Zuckerberg voted towards the measure.
Regardless of the BTC Treasury vote, Meta remains to be reportedly eyeing a enterprise into stablecoins amid rising curiosity and demand for digital belongings.
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