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Meta Bitcoin proposal rejection

Meta Bitcoin proposal rejection sparks debate over crypto in corporate treasuries

https://icn.live/wp-content/uploads/2025/06/Meta-Bitcoin-proposal.mp3
  • by ICN.live
Adnan Al-Jaziri

Meta Bitcoin proposal rejection has reignited debate over whether crypto belongs in corporate treasuries.

At Meta’s annual shareholder meeting on May 28, a proposal to explore Bitcoin as a future reserve asset was overwhelmingly rejected. The vote count came in at a staggering 1,221 to 1 against the initiative. That kind of margin sends a strong message from shareholders: Bitcoin is not yet seen as a viable treasury tool.

Bitcoin has seen adoption from companies like Strategy, which made it their primary reserve asset back in 2020. The tech firm saw its stock rise by over 2,400% since adopting Bitcoin, outperforming giants like Nvidia and Microsoft. Yet this success has not inspired others in Big Tech to follow suit.

Bitcoin’s image as a volatile asset weakens corporate trust

Institutional hesitation revolves around volatility. Bitcoin prices swing wildly. That makes it tough to justify emergency funds meant to protect business operations. NYU finance professor Aswath Damodaran called Meta’s proposal “lunacy,” adding that Bitcoin’s risk profile disqualifies it from serious treasury strategies.

Campbell Harvey, a Duke University finance professor and author of a DeFi book, echoed this concern. He suggested that if investors want Bitcoin, they can simply buy it themselves. He emphasized that treasuries should be liquid and stable, making stablecoins more appropriate than Bitcoin for corporate reserve roles.

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Meta Bitcoin proposal rejection shows crypto’s uphill battle in corporate finance

Strategy’s model may have worked—but they transformed into a crypto-focused operation. Most corporations aren’t prepared to do that. Strategy effectively rebranded as a Bitcoin investment fund. That’s not a fit for companies focused on products, services, and consistent operational liquidity.

Moreover, Bitcoin doesn’t peg to a fiat currency like stablecoins do. Without that price stability, it’s hard to argue that Bitcoin is a reliable fallback during financial emergencies. Treasury reserves aren’t about long-term growth—they’re about immediate solvency.

Will Meta ever revisit crypto after this decisive rejection?

The Meta Bitcoin proposal rejection illustrates just how far crypto still has to go in gaining institutional trust. The space is still exciting, especially in crypto gaming and Web3. But for treasury use, Bitcoin hasn’t convinced the corporate mainstream. Until volatility settles or utility expands, crypto may remain outside the corporate cash reserve playbook.

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Why did Meta reject the Bitcoin treasury proposal?

Meta rejected the Bitcoin proposal with a 1,221 to 1 vote. The main reason was Bitcoin’s extreme volatility. Shareholders and financial experts argued that treasuries should be stable and liquid, not exposed to high-risk assets. Bitcoin’s price swings make it unreliable for the core purpose of a corporate reserve: funding emergency needs and ensuring liquidity. Meta, like most major firms, sees treasuries as a safety net—not an investment vehicle. This sentiment aligns with traditional financial strategy, especially for large-cap tech firms with billions in cash reserves.

Who proposed Bitcoin for Meta’s treasury and why?

The proposal came from Bitcoin advocate Ethan Peck. His aim was to explore Bitcoin as a future treasury reserve asset. The argument leaned on Strategy’s success since adopting Bitcoin in 2020. Peck and other crypto advocates believe Bitcoin can offer long-term growth and hedge against fiat currency devaluation. However, most shareholders didn’t buy into that. The treasury isn’t typically used for speculative growth; it’s a financial backstop. That context made it a hard sell, even as crypto adoption rises elsewhere.

Has any major company successfully used Bitcoin as a treasury reserve?

Yes, Strategy (formerly MicroStrategy) famously adopted Bitcoin as its primary treasury reserve in 2020. Their stock surged more than 2,400% since then. However, the company also fundamentally shifted its identity, acting more like a Bitcoin investment firm than a traditional tech company. That model doesn’t easily translate to companies like Meta or Microsoft. For most, the risk and volatility of Bitcoin outweigh its potential benefits as a treasury asset. They prefer stable, short-term instruments like Treasury bills or money market funds.

What makes stablecoins more viable than Bitcoin for treasury use?

Stablecoins are typically pegged to fiat currencies like the US dollar, making their value much more predictable. This stability aligns better with the goals of a corporate treasury: liquidity, reliability, and protection from short-term financial shocks. Bitcoin, by contrast, can fluctuate massively within a single day. That level of volatility is a non-starter for treasuries designed to safeguard operational security. Finance experts suggest stablecoins might have a role in the future—but Bitcoin, for now, remains a speculative asset rather than a treasury tool.

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