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Meta shareholders shut down a proposal to assess whether Bitcoin should be added to its balance sheet, with just 0.08% of votes in favor of the idea. Meta shareholders have overwhelmingly rejected a proposal to assess whether the tech giant should add Bitcoin to its balance sheet. A “Bitcoin treasury assessment” proposal put before shareholders received 3.92 million votes in favor — a mere 0.08% of the total — while nearly 5 billion voters decided against the measure, a May 28 regulatory filing shows.  Meta CEO Mark Zuckerberg controls 61% of the company’s voting power, according to an April regulatory statement, which could indicate that he voted against the proposal. Read more

Meta Platforms shareholders rejected a measure that urged the company to add Bitcoin (BTC) to its $72 billion cash pile, voting 4.98 billion shares against and 3.92 million for at the May 30 annual meeting, as reports surfaced. Abstentions totaled 8.86 million shares, while brokers withheld votes on 204.77 million shares. With fewer than 0.1% […] The post Meta shareholders reject Bitcoin treasury bid in landslide vote appeared first on CryptoSlate.

Meta could be the first US corporation of its scale to place Bitcoin (BTC) on its balance sheet, according to Bloomberg senior ETF analyst Eric Balchunas. In a May 28 post on X, Balchunas argued that a move by a “Big Boy” company would validate corporate treasury adoption of the asset. He added that “it […] The post Bloomberg analyst foresees Meta as trailblazer in corporate Bitcoin integration appeared first on CryptoSlate.

Meta is exploring stablecoin-based payment infrastructure in a renewed effort to integrate blockchain technology into its platforms, Fortune reported on May 8, citing people familiar with the matter. According to the report, the tech giant is in preliminary discussions with multiple crypto firms to evaluate stablecoins as a mechanism for managing cross-border payouts. The discussions […] The post Meta exploring stablecoins for cross-border payouts in renewed crypto push appeared first on CryptoSlate.

Stablecoins continue to attract attention from big tech firms and legacy financial institutions, reacting to demand from retail investors. Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter. The Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report. One source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether's USDt (USDT), Circle's USD Coin (USDC) and others. Read more