Meta Platforms shareholders overwhelmingly rejected a proposal to add Bitcoin (BTC) to the company’s $72 billion cash reserves at its annual meeting on May 30.
The vote tally showed just 3.92 million shares in favor versus 4.98 billion against, with 8.86 million abstentions and 204.77 million broker non-votes. With less than 0.1% support, the initiative fell dramatically short of approval.
The resolution, submitted by Ethan Peck of the National Center for Public Policy Research, urged Meta to diversify its cash holdings by allocating a portion to Bitcoin as a hedge against inflation and declining bond yields. Peck argued that Bitcoin’s strong performance in 2024, compared to muted bond returns, made it a strategic addition.
Strive Asset Management CEO Matt Cole publicly backed the measure, even calling on Meta CEO Mark Zuckerberg at the 2025 Bitcoin Conference to adopt a “bold Bitcoin treasury strategy.” Bloomberg ETF analyst Eric Balchunas added fuel to speculation, suggesting Meta could become the first U.S. tech giant to embrace Bitcoin this cycle.
Despite the push, Meta’s decision echoes similar shareholder rejections at Microsoft and Amazon, where efforts to shift corporate treasury strategies toward Bitcoin have also failed.
While Meta’s treasury strategy remains unchanged, the vote reflects ongoing pressure from crypto advocates. As regulatory clarity improves, these campaigns are expected to continue targeting large-cap U.S. companies.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
