Meta vetoed the "Bitcoin reserve" proposal, with less than 0.1% of shareholders in support: funds prioritized for purchasing AI graphics cards.

Meta shareholders rejected Bitcoin's inclusion in the asset proposal with less than 0.1% support, and shareholders demanded caution about cryptocurrencies and a focus on the AI business. (Synopsis: Meta was bombed to "open physical stores on a large scale" to sell VR and AI wearables, wanting to eat the sweetness of Apple model) (Background supplement: Meta solemnly refuted: Never cooperate with China to censor Taiwanese content or share user information) Social media giant Meta Platforms Inc. (META) shareholders recently voted overwhelmingly to reject a bitcoin (Bitcoin) asset allocation proposal, which received less than 0.1% support and sparked a large number of shareholder criticism, even with the support of major shareholder institutions such as BlackRock, it still shows that A-list technology companies still have considerable difficulty in convincing the public to adopt Bitcoin. Content of the proposal According to regulatory documents, the "Bitcoin asset valuation" proposal, proposed by shareholder Ethan Peck to suggest that Meta invest part of its cash (the company holds about $72 billion in cash and equivalents) in bitcoin to fight inflation, was ultimately only approved by 3.92 million shares, accounting for 0.08% of the total votes, and nearly 5 billion shares were voted against. Peck has quoted BlackRock, Meta's second-largest shareholder, as saying that "2% Bitcoin allocation is reasonable." However, Meta's board of directors recommended opposition, emphasizing that existing fiscal management measures are adequate, and that bitcoin is too volatile and inconsistent with the company's emphasis on liquidity and capital preservation. CEO Mark Zuckerberg, who holds 61 percent of the company's voting rights, is widely believed to have voted against the case. Tech giants generally wait and see, opportunity cost is considered This is not the first such proposal, Peck made similar proposals to Microsoft (MSFT) and Amazon (AMZN) last year, Microsoft shareholders rejected it last December. Amazon shareholders are yet to vote. Nick Cowan, CEO of Valereum, said: "Amazon has a better track record of adopting emerging technologies, but the opportunity cost of holding a volatile asset like bitcoin – i.e., not being able to invest in AI or acquisitions – can seriously impact shareholder sentiment." Business Opinion: Prioritizing Investment in AI Although Meta has reservations about large-scale investment in cryptocurrencies, Meta has not completely ruled out blockchain technology, such as exploring stablecoin payment applications, but the company has made it clear that it is currently prioritizing investment in core strategic emerging technologies such as AI, in contrast to some companies that have actively embraced Bitcoin. According to BitcoinTreasures.NET data, 116 publicly traded companies have included bitcoin in their assets, including MicroStrategy (MSTR) holding more than 580,000 coins ( worth about $60.9 billion ), Tesla (TSLA) and others also hold a large amount of bitcoin, and recently GameStop (GME) and Swedish health technology company H100 have also joined the ranks, motivated by hedging inflation and diversifying risks. Although so many companies have invested in the ranks of Bitcoin, there are still many companies such as Meta and Amazon, still on the premise of core business development competitiveness, the relevant funds are prioritized to invest in AI, which can only be regarded as the company's different strategies, in the face of fierce competition in the AI track, the company gives priority to the purchase of graphics cards, provides enough cloud AI services, in exchange for the future, or the first in Bitcoin has not yet been fully popularized, preemptively layout scarce resources, can only be said to have their own advantages and disadvantages. Related reports Yang Likun, chief scientist of Meta: It is nonsense to rely on LLM alone to achieve AGI, and AI needs a more powerful JEPA world model in the future (GTC conference swastika interview) Meta crypto payment is back? FB, IG internal test stablecoin payment, Zuckerberg's blockchain ambition Apple and Meta were fined 700 million euros for violating the EU's "Digital Markets Law", and the use of crypto payments in the App Store is not far off? "Meta vetoes "Bitcoin reserves", less than 0.1% of shareholders support: funds first buy AI graphics cards" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".