Meta shareholders overwhelmingly opposed the proposal to include Bitcoin in the reserves.

According to reports from various foreign media outlets, Meta Platforms shareholders voted to reject the proposal to include Bitcoin in the company's financials at this week's annual meeting. It was reported that over 4.9 billion shares voted against the move, with only 3.92 million shares in support. Following Microsoft's push for Bitcoin to become mainstream a few months ago, Meta Platforms became the latest large tech company considering pressure from shareholders to include Bitcoin in its assets. However, like Microsoft, shareholders voted against the proposal out of concern for volatility. The proposal was submitted by investor Ethan Peck, representing the American National Public Policy Research Center, who suggested that the company research the possibility of converting some cash and bonds into Bitcoin to better protect shareholder value.