Meta rejects proposal to incorporate Bitcoin to your reservations

The vast majority of shareholders rejected the proposal, which raised a substantial investment in Bitcoin to reinforce your corporate reserves.

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• Most shareholders of Goal voted against adding BTC to the balance of the company.
• Proposal was promoted by Ethan Peck as a strategy against inflation.
• The initiative is part of a broader campaign that also includes Microsoft and Amazon

Platforms goal, the company responsible for social networks as Facebook and Instagram, He rejected a proposal presented to the Board to invest in Bitcoin as part of his corporate reserves.

According to a document presented on May 28 before the United States Stock Exchange and Securities Commission (SEC)reviewed by COINDESK, Only 3.92 million votes supported the initiative, compared to almost 5,000 million who spoke against.

An attempt to arm the inflation

The proposal was presented by Ethan Peck, a Bitcoin defender who works as director of Bitcoin for the heritage management firm Strive His approach was that Goal It will allocate a portion of its USD $ 72,000 million in cash and equivalent to Bitcoin, on the argument that this asset could serve as a strategic reserve against monetary uncertainty and inflation.

Peck defended that Bitcoin should play a role similar to that of a “War stash” Corporate, used to preserve long -term value to adverse monetary policy decisions. However, his vision was discarded almost unanimously by the shareholders of the company.

The attempt to convince Goal to adopt Bitcoin It was not an isolated case. Peck, backed by the Center for Conservative Thought National Center for Public Policy Research (NCPPR)has presented proposals similar to other great technological ones.

The shareholders of Microsoft (MSFT) They also voted against an almost identical measure. In the case of Amazon (AMZN), The respective vote has not yet been made, although a rejection is anticipated by its shareholders.

These actions are part of a coordinated campaign to promote the adoption of Bitcoin As a strategic reserve asset among the main US corporations, although so far the results have been unfavorable.

Meta crypto background

Although currently Goal It does not have cryptocurrencies in its balance, it is no stranger to the ecosystem Blockchain. In 2019, the company tried to launch Pound, A global stable backed by a basket of fiduciary coins. However, the project faced a strong regulatory opposition and was abandoned in 2022, after a brief attempt to relaunch under the name Diem.

Since then, the crypto strategy of Goal He has been ambiguous. While the name change of Facebook to Goal In 2021 it was motivated by its commitment to metaverso, the company has significantly reduced that vision in recent times.

This year reports arose that suggested that Goal He was exploring the use of Stablecoins to facilitate payments within their applications, although specific advances have been confirmed.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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