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.