Meta Shareholders Push for Bitcoin Reserves

[hero_the_bossman]

Meta shareholders have suggested that the board of directors consider buying BTC as a strategic reserve for the company.

What do you think?

Do you think this situation would have the same fate as Microsoft and the offer to them?

Source.

[MinoRaiola]

First of all, I hope they are smarter than Microsoft. Mark Zuckerberg is privately positive about bitcoin. I think he named his goat bitcoin, so thats a little bit crazy. And all the cash from Meta is supposed to be invested in bitcoin to avoid inflation and increase assets. I think the chance is much higher than that of microsoft, but whether that really happens... we'll see. The fact that it is being discussed in public is good publicity for bitcoin.

[Sanitough]

With all this positive news about Bitcoin reserves, it’s only a matter of time before we see a company taking the lead on this. It just takes one big player to start, and the rest will likely follow. However, it would be even better if the US government made the first move, having the regulators themselves involved would definitely boost confidence for companies considering it.

But let’s see how that proposal unfolds. It’s still early, so there’s a lot to watch for this year. 

[_act_]

Do you think this situation would have the same fate as Microsoft and the offer to them?

Microsoft shareholders may not accept bitcoin today but remember they might be convinced tomorrow. There was a time banks are very hostile against bitcoin but see today as governments want to make bitcoin both national and states reserve. It is good to know that Microsoft may later accept.

We do not know if Meta shareholders will accept or not. Let us wait and see if they will accept or not. Be it anyway, bitcoin adoption continues.

[hero_the_bossman]

Do you think this situation would have the same fate as Microsoft and the offer to them?

Microsoft shareholders may not accept bitcoin today but remember they might be convinced tomorrow. There was a time banks are very hostile against bitcoin but see today as governments want to make bitcoin both national and states reserve. It is good to know that Microsoft may later accept.

We do not know if Meta shareholders will accept or not. Let us wait and see if they will accept or not. Be it anyway, bitcoin adoption continues.

Big fellas are still in the dark regarding the possibilities they are missing, in my opinion.
There is a lot to unpack for them and the ones to be the first would be having a lead  Like Saylor, for example.

[arwin100]

Do you think this situation would have the same fate as Microsoft and the offer to them?

Microsoft shareholders may not accept bitcoin today but remember they might be convinced tomorrow. There was a time banks are very hostile against bitcoin but see today as governments want to make bitcoin both national and states reserve. It is good to know that Microsoft may later accept.

We do not know if Meta shareholders will accept or not. Let us wait and see if they will accept or not. Be it anyway, bitcoin adoption continues.

Maybe they are just scared old grumps out there thinking that they might lose their money if Bitcoin suddenly dump. Maybe they also think that their decision has been justified especially when they see current bearish situation happened on Bitcoin. But hopefully they realize that they made a wrong assumption on Bitcoin and open this topic again then make this plan come into reality.

Also base on this article their shareholders really like to participate on Bitcoin investment https://www.investing.com/news/cryptocurrency-news/shareholders-urge-mark-zuckerberg-to-buy-bitcoin-for-meta-3808005 So I guess that everything will depend now on the decision of Mark Zuckerberg now. Let see if they announce something amazing and will not follow what Microsoft did.

[Marvell1]

Maybe they are just scared old grumps out there thinking that they might lose their money if Bitcoin suddenly dump. Maybe they also think that their decision has been justified especially when they see current bearish situation happened on Bitcoin. But hopefully they realize that they made a wrong assumption on Bitcoin and open this topic again then make this plan come into reality.

Don't be so quick to judge them when we are not them and I believe if one of us had billions of dollars we would also have different thoughts and decisions about bitcoin. Just because they are not rushing to invest in bitcoin, we should not judge them and assume they are making a mistake. If they were people who kept making wrong decisions, they would not be able to become rich, own billions of dollars and become shareholders of a corporation with a capitalization of up to trillions of dollars.

I believe they have their reasons for not rushing to invest in bitcoin and just because they haven't invested in bitcoin doesn't mean they won't invest in it in the future. The rich have their own way of playing, they can invest after us, buy at a higher price than us but they will get better returns than us.

[Don Pedro Dinero]

What do you think?

Do you think this situation would have the same fate as Microsoft and the offer to them?

Well, in this case I am more hopeful than in the case of Microsoft, because everything will depend on what Mark Zuckerberg wants, it is not like in the other cases that it depends on the vote. The vote will take place because it is a formality, but if Zuckerberg wants to buy bitcoin and if he doesn't, he doesn't. This makes me optimistic, though:

Mark Zuckerberg Has a Goat Called Bitcoin. What Does This Mean?

And even if the article says that he once killed one of his goats to eat it, which is entirely logical, the fact that he chooses that name is indicative. I believe he owns some bitcoin personally.

[Alpha Marine]

Maybe they are just scared old grumps out there thinking that they might lose their money if Bitcoin suddenly dump. Maybe they also think that their decision has been justified especially when they see current bearish situation happened on Bitcoin.

Not everybody will invest in Bitcoin; in the same way, not everybody will invest in gold or real estate or buy the shares of a particular company. There is no need to call people who don't want to invest in bitcoin names, they all have the reason whether it's fear or any other reason.
When you put yourself in other people's shoes, you'll better understand their decisions.
Imagine you're part of the team that's responsible for investments in a company and you're faced with a decision to invest customers' or shareholder's money in bitcoin knowing the risks involved. If it goes well everybody is happy, but if it doesn't, the company takes a hit and that's on you, not the people that advice you to go into the investment.
There are other ways to maximize profit and they have followed those route and taking the risk, if they decide against bitcoin, they have committed no crime against bitcoin.

[jayoh]

Meta shareholders have suggested that the board of directors consider buying BTC as a strategic reserve for the company.

What do you think?

Do you think this situation would have the same fate as Microsoft and the offer to them?

Source.

I'm all for it.

Like the post before me, it's up to individuals and businesses to elect if they want to hold BTC in their reserves of balance sheet. It's not as radical as it once was, but it's still risky. BUT, I believe most future or tech-focused company should hold some, if even simply as an inflation hedge.

[Obim34]

Do you think this situation would have the same fate as Microsoft and the offer to them?

Microsoft shareholders may not accept bitcoin today but remember they might be convinced tomorrow. There was a time banks are very hostile against bitcoin but see today as governments want to make bitcoin both national and states reserve. It is good to know that Microsoft may later accept.

We do not know if Meta shareholders will accept or not. Let us wait and see if they will accept or not. Be it anyway, bitcoin adoption continues.

Big fellas are still in the dark regarding the possibilities they are missing, in my opinion.
There is a lot to unpack for them and the ones to be the first would be having a lead  Like Saylor, for example.

It will be a nice initiative, they might not be competing on who goes first but any of them who eventually takes lead will certainly do away with massive profits than the other because of purchasing at a low price mark.

The head of Meta, who knows might be holding portfolio of Bitcoin already, in the case of shares it is likely to also be a communal agreement in order to implement the reserve, if it was left for Mark alone he probably would have began the process long time even when Bitcoin was far down the pipeline.

[avikz]

Good for Meta! Good for Zuckerberg! Not so good for the retail investors like us!

With more and more corporate money flowing into Bitcoin, it will eventually become very difficult for the retail investors to navigate the market. These corporates will hold the power to control the market because of their deep pocket and the decentralized nature of Bitcoin will be compromised.

I am not a big fan of corporates and governments to create reserve in Bitcoin to be honest.

[Rustam Meraj]

Microsoft shareholders may not accept bitcoin today but remember they might be convinced tomorrow. There was a time banks are very hostile against bitcoin but see today as governments want to make bitcoin both national and states reserve. It is good to know that Microsoft may later accept.

We do not know if Meta shareholders will accept or not. Let us wait and see if they will accept or not. Be it anyway, bitcoin adoption continues.

It is true that people opinions about Bitcoin can change time to time. Many big organizations including banks didn't like Bitcoin at first but now they are starting to like this idea. Microsoft and Meta shareholders might also start to like Bitcoin in future. No matter what they decide more and more people are starting to use Bitcoin and it is exciting to see it become more popular and widely accepted.

[batang_bitcoin]

Meta shareholders have suggested that the board of directors consider buying BTC as a strategic reserve for the company.

What do you think?

Do you think this situation would have the same fate as Microsoft and the offer to them?

Source.

It's best not to expect anything from these suggestions to the board of directors of Meta. But if someone insists of expecting that something good might happen, just think of what happened with Microsoft. There's a failed project related to crypto from Meta before and that's the project Libra and it didn't materialized. So, if there will be suggestions for their boards or higher positions to consider buying Bitcoin to create a Bitcoin reserve, there is little to having no chance at all. But let's wait if Trump's word will create a domino impact as what he's said about in creation of a Bitcoin reserve.

[ranochigo]

Isn't it just a single guy? Doesn't seem like there is more than one entity pushing for it.

I'm all for companies to adopt Bitcoin but for companies to hoard more Bitcoin? No thanks. It demonstrates zero utility of what Bitcoin is used for and makes it seem more like a get rich quick scheme. Bitcoin has no value without utility; the closest company that has helped its cause was Tesla when they started to accept Bitcoin, but took a step back after.

Meta is not a company that focuses on risky investments or speculative assets. The board is right to vote against it, no reason for Meta to adopt Bitcoin as part of their reserve when the objective of their cash reserve is to promote growth with reasonable risk.

[Akbarkoe]

Yep it seems that the data is quite possible, it's just that we don't know whether it will happen or not, the article is like what happens to the Microsoft holder they reject the ownership of Bitcoin but maybe Meta does not have the same results, this will be very interesting if the meta really Agreeing Bitcoin as one of their strategic assets, Meta should follow what Microstrategy is doing, but Mark is not Saylor even though I consider both crazy and successful people but they have different madness in the business and financial world.

[terrific]

We sure are in a bull run if these narratives are kept coming. People shouldn't be pushy with it because the more that these ideas are pushed to them, the more that they'll decline the idea. These people are intellects and they know where money is coming and going. We will never know if they're already in or not yet.

[Die_empty]

Meta shareholders have suggested that the board of directors consider buying BTC as a strategic reserve for the company.

What do you think?

Do you think this situation would have the same fate as Microsoft and the offer to them?

Source.

It is just a proposal by a single individual called Ethan Peck and not shareholders as the OP said. Last year Amazon shareholders voted against buying and hodling Bitcoin. I don't know if he would get the needed support to make this happen. It will all depend on Mark Zuckerberg's wants for his company since he has the power to influence the shareholders. If this proposal gets accepted it will be good news for the Bitcoin industry since Meta has a strong financial base.

[Moreno233]

From the source sited, this was a submission by a Ethan Peck whose family own share in Meta which means it is a proposal by a single entity and I don't know how this will hold water. I remember that Mark Zuckerberg have never been consistent about his position with bitcoin, maybe he usually align with the policies of any government of the US just like he is trying to do with free speech by disbanding the services of factcheckers. He knew that the incoming administrations might be against some of his policies, so he might be aligning with them and their stance on bitcoin might also be because Donald Trump is perceived as pro bitcoin, so he don't want to be left out.

[Aanuoluwatofunmi]

Meta shareholders have suggested that the board of directors consider buying BTC as a strategic reserve for the company.

What do you think?

Do you think this situation would have the same fate as Microsoft and the offer to them?

Source.

If they truly accept and realized for the use of bitcoin as a reserved currency, then am going to say that they are very lucky and would be regarded as early bird compared to others who are yet to make their stand with bitcoin, one of the great advantage with the use of bitcoin which we cant overemphasized is its early arrival opportunities, while some that would have accepted and use bitcoin ever since 2009 are now regretting for the missed opportunity, today, some will also join later in the future for their indecision, while some will ever be grateful for on their decision on bitcoin.