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 1 week ago by Pro@programming.dev to c/technology@lemmy.world
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[–] explodicle@sh.itjust.works 68 points 6 days ago* (last edited 6 days ago) (4 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 10 points 6 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 6 days ago (1 children)

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

[–] explodicle@sh.itjust.works 6 points 6 days ago (5 children)

But now they're essentially just a bitcoin proxy, they even changed the logo to have a bitcoin on it.

Now that there's lots of ETFs and stuff, why buy Microstrategy and not just bitcoin?

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

Because holding USD is a liability these days.

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[–] Darleys_Brew@lemmy.ml 7 points 6 days ago (3 children)

Apparently GameStop are considering it too.

[–] porous_grey_matter@lemmy.ml 22 points 6 days ago

Yeah but GameStop's entire existence depends on crypto meme hype, while Meta's depends on extracting our data as efficiently as possible

[–] cupcakezealot@lemmy.blahaj.zone 10 points 6 days ago

is gamestop even relevant anymore

[–] Jimmycakes@lemmy.world 7 points 6 days ago (1 children)

Gamestop already did last week

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[–] LMurch@thelemmy.club 23 points 6 days ago (1 children)

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

[–] untakenusername@sh.itjust.works 11 points 6 days ago (4 children)

most of the shareholders aren't 'plebs'

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[–] toastmeister@lemmy.ca 16 points 6 days ago* (last edited 6 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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[–] KingThrillgore@lemmy.ml 8 points 6 days ago

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

[–] Deflated0ne@lemmy.world 5 points 6 days ago

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

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