The target shareholders (target) have voted overly against a proposal to add Bitcoin
to the company’s balance, according to a presentation of May 28 before the US stock and values commission. UU.
Only 3.92 million votes supported the measure, while almost 5 billion were issued in opposition. The idea was presented in January by Ethan Peck, a Bitcoin defender who works as director of Bitcoin for the Strive Heritage Management firm.
Peck’s proposal requested that Muda move a portion of its $ 72 billion in cash and effective equivalents to Bitcoin as coverage against inflation. He argued that the technological giant should treat Bitcoin as a strategic reserve asset, similar to a corporate war chest designed to resist the uncertainty of monetary policy.
The campaign was not limited to goal. Peck also went to Microsoft (MSFT) and Amazon (AMZN) with similar proposals, presented on behalf of the National Public Policy Research Center (NCPPR) of the conservative Tank Tank. Microsoft’s shareholders voted recently against the plan. Amazon has not yet had a vote.
Although goal does not have a crypt in its balance, the company has ventured into blockchain before. In 2019, Libra announced, a Global Stablecoin project backed by a basket of fiduciary coins. That effort collapsed in 2022 after the regulatory reaction and internal struggles, briefly changing as Diem before being closed.
The broader cryptographic strategy of goal is still clear. While his ambitions metaler caused the 2021 brand change from Facebook to Meta, the company has retired that vision in recent months. Even so, earlier this year, reports arose that Meta was exploring the use of Stablecoins to administer payments in their family of applications.
The company’s shares increased 3.5% on Monday, quoting to $ 670.09 per piece.
