Meta Shareholders Push for Bitcoin Reserves

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Quote from: avikz on January 13, 2025, 11:01:21 AM

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.

That seems to be a trend of this bullrun, imo.
Bigger entities are becoming interested in Bitcoin - and without them, the adoption process would take much more time and effort.
And, from the answers on my thread - yeah, it may be that there is no clear push from - all - of the shareholders, but from Ethan Peck himself.

CryptoBuds

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Quote from: headingnorth on January 13, 2025, 07:21:48 PM

Tim Cook CEO of Apple also publicly disclosed he owns bitcoin.

Both Cook and Zuckerberg have a favorable view of bitcoin, so any reserve proposal has a better chance of passing under them than it did with Microsoft and Bill Gates,
who thinks bitcoin is a Ponzi scheme. Another difference is Zuckerberg has a controlling interest in Meta, so his voting power could be enough to push it through. Time will tell.

CEO or individual owning bitcoin is completely different from an organization or corporation investing in bitcoin. Most large corporations have to go through a voting process where no individual, including the CEO can decide because it involves the interests of the entire corporation. News of Tim Cook holding bitcoin broke a few months ago but had no impact on the market and Apple has never announced plans to invest in bitcoin, this shows that even the CEO cannot influence the company's decisions.

Bill Gates is no longer the largest shareholder and Blackrock is the 2nd largest shareholder of Microsoft, so Microsoft not investing in bitcoin is the decision of most shareholders, don't blame Gates.

ranochigo

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Quote from: Josefjix on January 13, 2025, 04:30:37 PM

Viewing it this way is somewhat not an idea reasons for Bitcoin existence when it's core definition of usability is simply buy, sell as well as demand and supply. Anything outside this principle is seeming to be bribing and manipulating the ecosystem for the favour of the corporate institutions where it may reach a point for them to decide and dictate the market, imo

Tesla created a medium for Bitcoin utility, use cases and lot more other than the opposite.

I wouldn't call it to be manipulating Bitcoin because that would require far more than what they can afford to invest, but rather giving Bitcoin more publicity and clout in the short term. It does support its growth, and its great but I don't think that it would be necessary for Meta to include it as their reserves. For most companies this is an easy way to repackage their earnings report and present a nicer one to their shareholders. Tesla is an example of it.

headingnorth

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Tim Cook CEO of Apple also publicly disclosed he owns bitcoin.

Both Cook and Zuckerberg have a favorable view of bitcoin, so any reserve proposal has a better chance of passing under them than it did with Microsoft and Bill Gates,
who thinks bitcoin is a Ponzi scheme. Another difference is Zuckerberg has a controlling interest in Meta, so his voting power could be enough to push it through. Time will tell.

Alphakilo

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Quote from: ? on January 13, 2025, 06:21:54 AM

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?

What a time to be alive.

It is happening all around. Countries are talking about having bitcoin reserves, companies are talking about having bitcoin reserves. It is only a matter of time before the it goes from the talking stage to the implementation stage. The implementation stage is the stage where we the public will see the effect of this on the price of bitcoin. It will further push the global adoption worldwide. Indigenous companies shareholders will be next in making a push for buying BTC as a strategic reserve for the company.

Josefjix

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Quote from: ranochigo on January 13, 2025, 11:48:30 AM

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.

Viewing it this way is somewhat not an idea reasons for Bitcoin existence when it's core definition of usability is simply buy, sell as well as demand and supply. Anything outside this principle is seeming to be bribing and manipulating the ecosystem for the favour of the corporate institutions where it may reach a point for them to decide and dictate the market, imo

Tesla created a medium for Bitcoin utility, use cases and lot more other than the opposite.

coolcoinz

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^
Is that strange to you? After all, in places like Sicily, before starting a business you need to mind the mafia. In the US you have to mind the government, especially when you're doing big moves with your cash or are a global company. Remember how Huawei used to be a thing in the US and then suddenly not?

Trump is surrounding himself with bitcoiners. He's on good terms with Fink from BlackRock, spoke a few times with Coinbase CEO, his Treasury secretary holds shares of Bitcoin ETF, his Vice President owns bitcoin worth $500k. Obviously the government will now be pro bitcoin, which is an opportunity for companies that want to enter this space.

Mia Chloe

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Is it just me or who else noticed that ever since the trump effect as most enthusiasts like to call it, all of a sudden so many companies and firms are fixated on different speculations to invest in bitcoin including some countries. Some time ago If I can remember clearly I saw a discussion here too where a contestant of an election in I think Pakistan was giving hopes of a better bitcoin ecosystem in their country if he won.

The fact it's quite clear that these companies and firms are actually making these attempts and speculations because of the potential profits they see if they quickly used this opportunity to get a hold of good bitcoin investments.

Aanuoluwatofunmi

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Quote from: ? on January 13, 2025, 06:21:54 AM

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.

Moreno233

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Trust the process, imbibe consistency

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.

Die_empty

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Quote from: ? on January 13, 2025, 06:21:54 AM

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.

terrific

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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.

Akbarkoe

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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.

ranochigo

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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.

batang_bitcoin

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Quote from: ? on January 13, 2025, 06:21:54 AM

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.

Rustam Meraj

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Quote from: _act_ on January 13, 2025, 07:24:34 AM

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.

avikz

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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.

Obim34

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Quote from: ? on January 13, 2025, 07:39:43 AM

Quote from: _act_ on January 13, 2025, 07:24:34 AM

Quote from: ? on January 13, 2025, 06:21:54 AM

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 Wink

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.

jayoh

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Quote from: ? on January 13, 2025, 06:21:54 AM

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.

Alpha Marine

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Quote from: arwin100 on January 13, 2025, 08:28:53 AM

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.

Topic: Meta Shareholders Push for Bitcoin Reserves (Read 215 times)