Bitcoin News
By Maheen Hernandez
1 / 15
Bitcoin Advocates Push for Corporate Adoption. The proposal came after a vocal campaign by Strive Asset Management CEO Matt Cole, who took the…
2 / 15
Tech Giants Maintain a Conservative Stance. Meta’s decision places it in line with other large tech companies that have rejected similar ideas.
3 / 15
Calls for Broader Adoption Persist. The Bitcoin 2025 conference also featured political voices calling for deeper integration of…
4 / 15
What's Next for Bitcoin in Corporate Finance?. The failure of Proposal 13 reinforces the challenges Bitcoin faces in achieving widespread…
5 / 15
Meta Platforms Inc. shareholders have decisively voted down a proposal that would have added Bitcoin to the company’s balance sheet.
6 / 15
The vote tally showed over 4.98 billion shares opposed the move, while only around 3.92 million were in favor. About 8.
7 / 15
The rejected measure, known as Proposal 13, aimed to have Meta convert a portion of its $72 billion cash reserves into Bitcoin.
8 / 15
Despite the passionate appeal, shareholders were unconvinced.
9 / 15
The proposal came after a vocal campaign by Strive Asset Management CEO Matt Cole, who took the stage at the Bitcoin 2025 conference in Las Vegas to directly appeal to Meta CEO…
10 / 15
“You’ve already done step one—you named your goat Bitcoin,” said Cole in a now-viral speech. “My ask is that you take step two and adopt a bold corporate Bitcoin treasury strategy.
11 / 15
Cole’s argument centered on the claim that cash is steadily losing value due to what he referred to as a global fiat debt crisis.
12 / 15
However, the pitch didn’t gain traction with Meta’s institutional investors. The overwhelming rejection indicates that while Bitcoin may be gaining attention, it still hasn’t…
13 / 15
Bitcoin enthusiasts like Michael Saylor of MicroStrategy continue to promote Bitcoin adoption among corporations, but major firms remain cautious.
14 / 15
Bloomberg ETF analyst Eric Balchunas summarized the situation with a memorable metaphor on X (formerly Twitter): “If Meta or Microsoft adds BTC to the balance sheet, it will be…
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Until that pivotal moment arrives, most blue-chip companies appear content to observe from the sidelines.
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