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Despite Bitcoin’s growing appeal as a treasury reserve asset, major corporations like Meta remain hesitant. Shareholders recently rejected a proposal to explore BTC adoption, highlighting the slow corporate uptake.
- MicroStrategy pioneered Bitcoin as a treasury reserve asset in 2020, but adoption by other major firms remains rare.
- Meta shareholders rejected a Bitcoin reserve proposal by a 1,221-to-1 margin, reflecting corporate skepticism.
- Traditional cash equivalents like Treasury bills still dominate corporate reserves, despite Bitcoin's potential advantages.
📎 Related coverage from: cointelegraph.com
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