Why 95% Meta Shareholders Rejected Bitcoin Treasury Proposal?

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.