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

Pro · 5 days ago

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

@RedditIsDeddit@lemmy.world · 4 days ago

It returns 50-80% on average… so yea, it’s better in that context.

@finitebanjo@lemmy.world · 4 days ago

I didn’t really parse what your comment is saying. Are you saying that whenever you buy BTC you later sell it for half your buy average? Or are you saying like 150%?

Is it just you or are you implying that everyone loses/gains 50% from the magical BitGoblin?

@RedditIsDeddit@lemmy.world · 4 days ago

On average, if you hold bitcoin over time, you would average that in profit.

@finitebanjo@lemmy.world · 4 days ago

Thank you, I appreciate the clarification.

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

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

Meta’s Bitcoin treasury play flops as 99% of shareholders say no