Meta’s massive $72B cash pile is staying fiat—for now.

In a dramatic shareholder vote, Meta investors overwhelmingly rejected a proposal to consider adding Bitcoin (BTC$BTC ) to the company’s balance sheet. Out of nearly 5 billion votes, just 3.92 million backed the crypto move—a shockingly low 0.08%.

🔎 What happened?

Bitcoin advocate Ethan Peck, on behalf of the National Center for Public Policy Research, suggested Meta convert part of its cash reserves into BTC to hedge against inflation—calling it a “strategic reserve asset.”

But Meta investors weren’t convinced. The rejection follows a similar vote at Microsoft, while Amazon shareholders are still due to vote on the same idea.

💡 Flashback:

Meta isn’t new to the crypto space. Remember Libra (later Diem)? That stablecoin project fizzled out after regulatory pushback. Recently, Meta has shown light interest in stablecoins for internal payments—but no crypto is on the books yet.

📈 Meanwhile, Meta stock is thriving, up 3.5% and trading at $670.09.

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🔔 TL;DR for Crypto Fans: Meta won't be buying Bitcoin anytime soon. Shareholders want traditional cash—not digital gold.

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