In a big move, an overwhelming 95% of Meta shareholders have voted against building a Bitcoin Treasury, with just 0.1% voting in favour. With this, the tech giant joins its peers like Amazon and Microsoft in rejecting the proposal to add BTC to the balance sheet. On the other hand, companies like Strategy, Metaplanet, Semler Scientific, etc. have been rushing to build their BTC reserves. Why Meta and Other Big Tech Reject Bitcoin Treasury? Following Michael Saylor’s Strategy, several companies have joined the Bitcoin bandwagon over the past two years. Names like Metaplanet, Semler Scientific, etc. have gained even more prominence through their periodic purchases. Most of these companies saw their stock price skyrocket soon after announcing the Bitcoin Treasury plan. However, big tech giants have refused to join the Saylor ship, despite having massive cash on their balance sheets. Renowned crypto analyst Willy Woo stated that growing companies like… Read More at Coingape.com
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