đ«Meta shareholders have officially rejected a proposal to allocate part of the companyâs treasury into Bitcoin, calling it âunnecessary and unjustified.â The vote took place at Metaâs annual meeting, where a group of minority shareholders had proposed $BTC adoption as a hedge against fiat depreciation and to align with growing institutional trends.
The initiative was decisively blocked by the companyâs dominant investors, including BlackRock (7.5%), Vanguard (8.7%), Fidelity (6.2%), and State Street (3.9%)âall of whom hold significant influence over Metaâs corporate policy. Ironically, these same institutions are the largest holders and issuers of spot Bitcoin ETFs in the U.S., led by BlackRockâs IBIT, now the biggest BTC ETF by AUM.
The contradiction is glaring: Metaâs largest investors support BTC in public markets but voted against BTC adoption at one of the worldâs most influential tech companies. Their rationale? According to internal statements, BTCâs volatility, uncertain regulatory status, and unclear utility in Metaâs business model were cited as key risks. Yet these factors didnât stop BlackRock and Fidelity from launching BTC-based financial products for retail and institutional clients.
Metaâs CEO Mark Zuckerberg, who controls 13.5% of the company, did not endorse the proposal either. The board ultimately sided with conservative treasury management, emphasizing stability, liquidity, and dollar-based reserves.
BTC remained unaffected by the decision, trading flat after the news. However, the episode underscores a wider contradiction in institutional crypto adoption: the same firms that build BTC infrastructure often block direct corporate exposure.
Should tech giants follow their investorsâor lead the way independently? #AMAGE community, where should the next breakthrough come from?