Key Takeaways
- Less than 0.1% of Meta shareholders backed a bitcoin treasury proposal.
- Meta's board said existing treasury processes make a bitcoin strategy unnecessary.
- Microsoft and Amazon have also rejected similar bitcoin proposals.
Meta shareholders overwhelmingly voted down a proposal to add bitcoin to the company’s balance sheet, with just 0.1% of shareholders in favor.
Details of the proposal
The vote took place during Meta’s annual shareholder meeting on May 30, 2025.
Proposal 13, submitted by investor Ethan Peck on behalf of the National Center for Public Policy Research, suggested converting part of Meta’s $72 billion in cash and marketable securities into bitcoin to hedge against inflation and low bond yields.
Voting results
Out of the total vote, more than 4.98 billion shares were cast against the proposal, while only 3.92 million supported it.
An additional 8.86 million shares abstained, and over 204 million were broker non-votes.
Support & opposition
Despite vocal support from high-profile figures like Strive Asset Management CEO Matt Cole, who called on Mark Zuckerberg at Bitcoin 2025 to “adopt a bold corporate bitcoin treasury strategy,” the company’s leadership opposed the measure.
Meta’s board statement
Meta’s board stated:
While we are not opining on the merits of cryptocurrency investments compared to other assets, we believe the requested assessment is unnecessary.
The board emphasized that the company already has treasury processes focused on liquidity and capital preservation.
Comparison with other tech giants
This outcome aligns Meta with other tech giants like Microsoft and Amazon, who have also rejected proposals to include bitcoin in their treasuries.
Meta continues to explore stablecoin integration for platform-based payouts but has shown no interest in adopting bitcoin as a reserve asset.
