Why Shareholders Say No to Meta’s Bitcoin Dreams! 🚫💰

by

In a manner most decisive, the shareholders of Meta have, with a unanimity that spares no feeling of mercy, rejected the notion of incorporating the mysterious and somewhat volatile entity known as Bitcoin into their respectable balance sheet.

The proposal for a “Bitcoin treasury assessment,” presented before the venerable shareholders, garnered an astonishing total of 3.92 million votes in favor—an amount so diminutive as to be scarcely worth the mention—representing a staggering 0.08% of the whole. The remaining nearly 5 billion voters—whose wisdom is evidently beyond reproach—decided quite firmly against the measure, revealing a sentiment most unlikely to be swayed by the siren calls of digital gold.

It is worth noting that the gentleman at the helm, Mr. Mark Zuckerberg, who prudently controls 61% of the voting power, may have abstained from giving his assent, perhaps recalling that he is, after all, a man of considerable influence—though possibly not enough to sway the collective will, particularly when he might have personally opposed the scheme.

This astonishingly lopsided decision was preceded by a proposal from a certain Mr. Ethan Peck, an advocate for Bitcoin, who earnestly earnestly implored Meta to allocate a portion of its princely sum of $72 billion—oh, the luxury!—to the whims of the so-called “cryptocurrency,” claiming it to be an astute hedge against the inflationary tendencies that seem to undermine all fiscal stability these days.

“Since cash is consistently being debased and bond yields are lower than the true inflation rate,” he argued with an air of intellectual gravity, “28% of Meta’s total assets are steadily losing their value, like Cinderella’s decrepit shoe.”

Peck, who has the dubious distinction of serving as the Bitcoin director for the wealth management firm Strive, pointed out that even BlackRock, one of Meta’s most substantial shareholders, advised that a modest 2% Bitcoin stake would not be unwelcome. A brave suggestion, indeed!

He, who is evidently quite enamored with the digital treasure, presented this humble proposal on behalf of his family’s shares in the social media giant — little did he realize that his notions would meet with a hearty rejection.

Such efforts are not confined to Meta alone, for Mr. Peck has taken these ideas to Microsoft and Amazon as well, proposing similar endeavors. Microsoft’s shareholders, perhaps more conservative or simply more sensible, rejected his plea in December, while Amazon’s shareholders are now pondering whether to venture into the same adventure, with a vote impending on the allocation of at least 5% of the company’s assets to Bitcoin. The suspense is truly unbearable.

As Mr. Cowan, CEO of the fintech firm Valereum, remarked in December, Amazon appears to be more experimental with emerging technologies—perhaps because they are less beholden to tradition or, quite possibly, more reckless. Shareholders are doubtless weighing whether the opportunity cost of holding a notoriously volatile asset like Bitcoin—a name whispered with trepidation—outweighs investments in research, development, or acquisitions. The future remains uncertain, and the humor of it all is not lost on anyone. 🤔

Corporate Bitcoin Purchases: The Numbers Tell Their Own Tale

Though Meta and Microsoft have, for the present, dismissed the allure of Bitcoin, a growing chorus of publicly traded companies across the globe has begun to indulge in the digital gold rush. According to BitcoinTreasures.NET, a total of 116 companies have added Bitcoin to their balance sheets—some of them quite unexpectedly, like GameStop and the Swedish health tech firm H100, which recently acquired their first units of the cryptocurrency.

Leading the charge is MicroStrategy, boasting an impressive 580,250 Bitcoin—valued at approximately $60.9 billion— while other ambitious firms such as Marathon Digital Holdings and Tesla hold over a billion dollars’ worth each. A truly brave new world, indeed! 😅

Read More

2025-06-02 09:30