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 3 days ago by Pro@programming.dev to c/technology@lemmy.world

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[–] LMurch@thelemmy.club 23 points 2 days ago (1 children)

Coming soon: Meta announces they are buying bitcoin anyways, because fuck them plebs.

[–] untakenusername@sh.itjust.works 11 points 2 days ago (4 children)

most of the shareholders aren't 'plebs'

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[–] explodicle@sh.itjust.works 67 points 2 days ago* (last edited 2 days ago) (8 children)

Why would they in the first place? It would be like a newspaper buying gold. If investors want to buy bitcoin they can just do that.

[–] Saleh@feddit.org 9 points 2 days ago (4 children)

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

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[–] RedditIsDeddit@lemmy.world 8 points 2 days ago (6 children)

Businesses are following the lead of Microstrategy with keeping BTC on the treasury books to increase profits and hedge against inflation.

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[–] finitebanjo@lemmy.world 6 points 2 days ago (5 children)

Because holding USD is a liability these days.

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[–] toastmeister@lemmy.ca 16 points 2 days ago* (last edited 2 days ago) (13 children)

I due not want my corporation holding Bitcoin, if I want exposure I'll buy Bitcoin directly. They should be holding a bit of debt optimally.

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[–] Deflated0ne@lemmy.world 5 points 2 days ago

The Cult of the Torment Nexus knows a scam when it sees one.

[–] MummifiedClient5000@feddit.dk 126 points 3 days ago (9 children)

Do the shareholders not realize how much easier it is to bribe the president with crypto?

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[–] KingThrillgore@lemmy.ml 8 points 2 days ago

Meta: Fuck it, we ball. (commits PR to add Bitcoin)

[–] throwawayacc0430@sh.itjust.works 28 points 3 days ago (6 children)

With how volitile the USD is under ahem this administration, Bitcoin is probably the slightly less shittier option.

[–] Revan343@lemmy.ca 31 points 2 days ago (1 children)

If only there were some other major currency, maybe controlled by some larger union of countries so that one country's poor decisions can't tank it

[–] joel_feila@lemmy.world 14 points 2 days ago

Greece has entered the chat

[–] Psythik@lemm.ee 5 points 2 days ago

Seriously, I do not have faith in USD anymore. What's left of my paycheck after bills all goes to BTC, and I sell what I need on demand to cover day to day costs. Been doing this since 2019 and it has paid off handsomely.

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[–] badbytes@lemmy.world 2 points 1 day ago

Who was the 1%?

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