Meta shareholders rejected a proposal to explore adding Bitcoin to its $72 billion corporate treasury.
Only a small fraction of shareholders supported Bitcoin as a hedge against inflation and low bond returns.
Meta is exploring stablecoins for global payouts while keeping its current treasury strategy unchanged.
Meta shareholders overwhelmingly voted against a proposal to add Bitcoin to the company’s treasury reserves. The vote took place during Meta’s annual meeting on May 30.
https://twitter.com/CryptoNewsHntrs/status/1928725130965909706 Overwhelming Vote Against Proposal
The proposal, known as Proposal 13, aimed to evaluate Bitcoin as a potential store of value for Meta. Only 3.92 million shares supported it. In contrast, 4.98 billion shares opposed the measure. Over 8.8 million shares abstained, and nearly 205 million shares were broker non-votes.
Investor Ethan Peck, representing the National Center for Public Policy Research, submitted the proposal. He urged Meta to consider Bitcoin as a hedge against inflation. The filing noted Meta held $72 billion in cash and bonds as of September 2024. The proposal argued that inflation and low yields weakened those assets.
The proposal pointed to Bitcoin’s fixed supply and past performance. It also cited rising institutional interest. Examples included BlackRock’s 2% Bitcoin allocation and speculation about U.S. federal Bitcoin reserves. It also mentioned Strategy’s increasing Bitcoin purchases.
Meta’s Board Opposed Assessment
Meta’s board opposed the resolution. It claimed the current treasury strategy was sufficient. The board emphasized a focus on liquidity and capital preservation. It also stated that Meta already evaluates a wide range of assets. The board argued that no separate Bitcoin review was needed.
Meta is not the first target of this kind of proposal. Similar efforts have failed at Microsoft and Amazon. Microsoft shareholders rejected a related proposal in December 2024. Bitcoin supporters continue pushing these measures, but success has been limited.
Public campaigns also tried to sway Meta. Strive Asset Management urged CEO Mark Zuckerberg to consider Bitcoin. They promoted a bold treasury strategy during the 2025 Bitcoin Conference. Despite that effort, the vote showed strong opposition.
Crypto Advocates Eye Corporate Adoption
Bitcoin advocates still see hope in other areas. Several public companies have begun holding Bitcoin. They are also exploring Bitcoin-focused ventures. These include infrastructure development and asset accumulation projects.
While Meta rejected Bitcoin as a reserve asset, it has not abandoned digital currency plans. According to recent reports, Meta is exploring stablecoin integration. It is in early talks with crypto firms to support global payouts.
These efforts follow Meta’s previous Diem project, which ended after regulatory pressure. Meta now aims to use stablecoins for low-cost, cross-border payments. The shareholder vote keeps Meta’s treasury strategy unchanged for now. However, digital asset proposals will likely resurface in future meetings.
