Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
If you own a share of meta then you own a share of meta and meta owns a mix of assets ranging from physical to various liquidity, whether its USD or BTC there isn’t any difference in this regard.
Businesses are following the lead of Microstrategy with keeping BTC on the treasury books to increase profits and hedge against inflation.
But now they’re essentially just a bitcoin proxy, they even changed the logo to have a bitcoin on it.
Now that there’s lots of ETFs and stuff, why buy Microstrategy and not just bitcoin?
If you own a share of meta then you own a share of meta and meta owns a mix of assets ranging from physical to various liquidity, whether its USD or BTC there isn’t any difference in this regard.