Meta Rejects Bitcoin Treasury Proposal; MicroStrategy's Bitcoin Investment Soars 2,930%
Key Takeaways
- Meta shareholders rejected a proposal to add Bitcoin to its treasury; over 95% voted against.
- MicroStrategy's Bitcoin strategy has increased by 2,930% since its initial investment in 2020.
- Trader James Wynn lost $98M on a $1B Bitcoin short bet; traders profited against Wynn.
- Bitcoin exchange outflows suggest a possible supply shock in the market.
Top Stories
Meta rejects proposal to add Bitcoin to treasury.
On May 30, 2025, Meta Platforms Inc. rejected a shareholder proposal (Proposal 13) to add bitcoin to its treasury during the company’s annual shareholder meeting. Over 95% of Meta's shareholders voted against the proposal, aligning with the board of directors' opposition.
MicroStrategy's Bitcoin strategy up 2,930% since 2020.
Published on June 1, 2025, it was reported that MicroStrategy's Bitcoin strategy has increased by 2,930% since its initial investment in 2020. Michael Saylor remains optimistic about Bitcoin's future.
Trader's $1B Bitcoin short bet backfires: -$98M.
On June 1, 2025, Lookonchain reported that James Wynn, a trader on Hyperliquid known for his $1 billion bitcoin short bet, is being called crypto's 'Inverse Cramer'. Traders are profiting by trading against Wynn, with one trader earning $17 million in a week, while James Wynn lost approximately $98 million.
Bitcoin exchange outflows hint at potential supply shock.
Published on June 1, 2025, reports indicate that Bitcoin exchange outflows suggest a possible supply shock in the market.