this post was submitted on 01 Jun 2025
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[–] explodicle@sh.itjust.works 68 points 1 month ago* (last edited 1 month ago) (4 children)

Why would they in the first place? It would be like a newspaper buying gold. If investors want to buy bitcoin they can just do that.

[–] Saleh@feddit.org 10 points 1 month ago (2 children)

If i understood it correctly, meta wants to slap its own crypto-currency on everything.

[–] finitebanjo@lemmy.world 2 points 1 month ago (1 children)

Buying BTC doesn't help them do that.

[–] Saleh@feddit.org 1 points 1 month ago (1 children)

"our crypto is backed in value by bitcoin"

[–] finitebanjo@lemmy.world 1 points 1 month ago* (last edited 1 month ago)
  1. They're selling shares of their company, META stocks, to the shareholders that then vote on their liquidity portfolios. Not selling Crypto. Owners of a hypothetical META crypto don't benefit from or have any say in how the company operates.

  2. Alternatively to BTC they could spend that money on holding their own hypothetical crypto so as to create market cap and buy/sell volumes appealing to crypto investors.

[–] Darleys_Brew@lemmy.ml 7 points 1 month ago (3 children)

Apparently GameStop are considering it too.

[–] porous_grey_matter@lemmy.ml 22 points 1 month ago

Yeah but GameStop's entire existence depends on crypto meme hype, while Meta's depends on extracting our data as efficiently as possible

[–] cupcakezealot@lemmy.blahaj.zone 10 points 1 month ago

is gamestop even relevant anymore

[–] Jimmycakes@lemmy.world 7 points 1 month ago (1 children)

Gamestop already did last week

[–] Darleys_Brew@lemmy.ml 1 points 1 month ago

I’m out of date then.

[–] finitebanjo@lemmy.world 6 points 1 month ago (1 children)

Because holding USD is a liability these days.

[–] UnderpantsWeevil@lemmy.world 1 points 1 month ago (2 children)

Is it?

Seems like petrodollars have been riding high for decades.

[–] lerba@sopuli.xyz 5 points 1 month ago

!remindme in one year

[–] finitebanjo@lemmy.world 1 points 1 month ago (1 children)

Since you've missed the news, the USA has been overtaken by a fascist christian white supremacist party who gut social programs, cut science funding, literally completely disbanded the department of education, increased the defficit, and enacted large Tariffs on every other nation.

[–] UnderpantsWeevil@lemmy.world 2 points 1 month ago (1 children)

the USA has been overtaken by a fascist christian white supremacist party

For the third time (assuming you don't count Congressional cycles) in twenty years. I've spent a solid 13 of the last 25 years living under a Christian Fascist presidency. Why am I supposed to assume that will devalue the dollar this time around?

[–] finitebanjo@lemmy.world -2 points 1 month ago

You're either pretending this administration isn't worse than any previous example or you are woefully naïve.