this post was submitted on 01 Jun 2025
739 points (97.9% liked)

Technology

70916 readers
4135 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws
739
Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure (www.dlnews.com)
submitted 5 days ago by Pro@programming.dev to c/technology@lemmy.world
238 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Saleh@feddit.org 9 points 4 days ago (2 children)

If i understood it correctly, meta wants to slap its own crypto-currency on everything.

[–] finitebanjo@lemmy.world 2 points 4 days ago (1 children)

Buying BTC doesn't help them do that.

[–] Saleh@feddit.org 1 points 4 days ago (1 children)

"our crypto is backed in value by bitcoin"

[–] finitebanjo@lemmy.world 1 points 4 days ago* (last edited 4 days ago)

  1. They're selling shares of their company, META stocks, to the shareholders that then vote on their liquidity portfolios. Not selling Crypto. Owners of a hypothetical META crypto don't benefit from or have any say in how the company operates.

  2. Alternatively to BTC they could spend that money on holding their own hypothetical crypto so as to create market cap and buy/sell volumes appealing to crypto investors.