At the last shareholders’ meeting of Meta Platform Inc., Bitcoin under the Treasury management of the company $105,926.72was discussed whether or not to include. The shareholders voted for Bitcoin’s proposal to add Meta to the financial reserves. However, in the vote, he could not find the necessary support and was rejected.
According to the voting result, only 3.9 million shares voted against 4.98 billion shares. This result shows that the majority of commodity shareholders do not want Bitcoin to be included in the company reserves for the time being. This result shows that the current cash and short -term reserve management will continue without a financial strategy change.
Some large companies and certain financial institutions have recently taken steps to add crypto assets to their reserves. Trump Media was the last company to copy Strategy’s strategy and took action to create a $ 2.5 billion cash. In addition, the game company Sharplink Gaming applied for a $ 1 million public offering and Ethereum (ETH) with its income 
$2,624.88 aims to buy.
The content of the proposal and the reaction of the shareholders
The proposal made at the company meeting included the evaluation of Meta’s use of Bitcoin in their corporate reserves. Despite this proposal, the majority did not support the change, taking into account the potential risks and the current financial structure. While interest in crypto money markets increased, it was observed that there was a cautious approach on the basis of investors.
During the meeting, there were explanations and discussions on the subject. However, a significant explanation mentioned in the official records was not shared. It is considered that the decision of the shareholders may lead to more cautious progress in the future crypto assets and prioritize financial stability.
Although developing crypto currency markets and international companies consider crypto assets, the decision of meta shareholders reveals that this tendency is not universally adopted. After the vote, it was emphasized that the company would not make any changes in the financial management strategy.
In spite of this development, it is thought that crypto currencies have been discussed in an increasingly discussed world and that in the future, companies can reconsider their financial structures. It is recorded that traditional financial vehicles will continue to be used in the short term for meta.
Meta Platforms Inc. Management: “We respect the preference of our shareholders and we will continue our existing practices in the financial management of our company.”
Meta Platform Inc.’s shareholders did not support the proposal to have Bitcoin on company reserves. As a result of the vote, it was announced that the company will continue its current financial policies. While the issue of the adoption of digital assets in the corporate world continues to remain on the agenda, the decision reveals that classical financial management is a priority for the company. The evaluation of crypto currencies as reserves may vary from company to company depending on investors’ risk appetite and market perception. Meta’s current approach indicates that security and financial stability are kept in the forefront. It should be noted that companies’ decisions on digital assets can be shaped according to market conditions and shareholders.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
