Key Takeaways
- Lower than 0.1% of Meta shareholders backed a bitcoin treasury proposal.
- Meta’s board stated present treasury processes make a bitcoin technique pointless.
- Microsoft and Amazon have additionally rejected related bitcoin proposals.
Meta shareholders overwhelmingly voted down a proposal so as to add bitcoin to the corporate’s steadiness sheet, with simply 0.1% of shareholders in favor.
Particulars of the proposal
The vote happened throughout Meta’s annual shareholder assembly on Could 30, 2025.
Proposal 13, submitted by investor Ethan Peck on behalf of the Nationwide Middle for Public Coverage Analysis, instructed changing a part of Meta’s $72 billion in money and marketable securities into bitcoin to hedge towards inflation and low bond yields.
Voting outcomes
Out of the entire vote, greater than 4.98 billion shares had been solid towards the proposal, whereas solely 3.92 million supported it.
An extra 8.86 million shares abstained, and over 204 million had been dealer non-votes.
Assist & opposition
Regardless of vocal assist from high-profile figures like Attempt Asset Administration CEO Matt Cole, who referred to as on Mark Zuckerberg at Bitcoin 2025 to “undertake a daring company bitcoin treasury technique,” the corporate’s management opposed the measure.
Meta’s board acknowledged:
Whereas we aren’t opining on the deserves of cryptocurrency investments in comparison with different belongings, we consider the requested evaluation is pointless.
The board emphasised that the corporate already has treasury processes targeted on liquidity and capital preservation.
Comparability with different tech giants
This final result aligns Meta with different tech giants like Microsoft and Amazon, who’ve additionally rejected proposals to incorporate bitcoin of their treasuries.
Meta continues to discover stablecoin integration for platform-based payouts however has proven little interest in adopting bitcoin as a reserve asset.