this post was submitted on 01 Jun 2025
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Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure (www.dlnews.com)
submitted 5 days ago by Pro@programming.dev to c/technology@lemmy.world
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[–] Saleh@feddit.org 9 points 3 days ago (2 children)

If i understood it correctly, meta wants to slap its own crypto-currency on everything.

[–] finitebanjo@lemmy.world 2 points 3 days ago (1 children)

Buying BTC doesn't help them do that.

[–] Saleh@feddit.org 1 points 3 days ago (1 children)

"our crypto is backed in value by bitcoin"

[–] finitebanjo@lemmy.world 0 points 3 days ago* (last edited 3 days ago)

  1. They're selling shares of their company, META stocks, to the shareholders that then vote on their liquidity portfolios. Not selling Crypto. Owners of a hypothetical META crypto don't benefit from or have any say in how the company operates.

  2. Alternatively to BTC they could spend that money on holding their own hypothetical crypto so as to create market cap and buy/sell volumes appealing to crypto investors.