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Meta shareholders reject Bitcoin plan amid rising interest in corporate crypto strategies.
During Meta’s annual meeting on May 30, shareholders overwhelmingly voted against a proposal to add Bitcoin to the company’s $72 billion cash reserve. The measure received only 3.92 million votes in favor versus a staggering 4.98 billion against. This landslide rejection shows how resistant major corporations still are to adopting Bitcoin as a treasury asset.
The initiative, submitted by Ethan Peck of the National Center for Public Policy Research, suggested converting part of Meta’s surplus cash into Bitcoin. Peck described the move as a strategy to hedge inflation, citing Bitcoin’s 2024 price rally compared to minimal bond returns. Despite the pitch, support was nearly non-existent.
Bitcoin fails to win over blue-chip boards
Meta shareholders reject Bitcoin plan even after high-profile support and public lobbying. Matt Cole, CEO of Strive Asset Management, urged Meta CEO Mark Zuckerberg to adopt a Bitcoin strategy. His call came during the 2025 Bitcoin Conference, branding it a bold corporate move.
Crypto industry watchers like Bloomberg’s Eric Balchunas also speculated that Meta could lead this cycle’s Bitcoin treasury wave. Yet, the actual shareholder vote reflects traditional corporate caution. Abstentions totaled nearly 9 million shares, and over 200 million votes were withheld, indicating disinterest or confusion rather than outright opposition.
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Meta shareholders reject Bitcoin plan, joining Microsoft and Amazon in similar past votes. Bitcoin advocates face consistent resistance from blue-chip firms. Corporate finance leaders remain reluctant to deviate from established treasury practices. The proposal didn’t define how much Bitcoin Meta should hold, which may have further eroded support.
Treasury departments are risk-averse by design. While Bitcoin has grown in legitimacy, especially with ETF approvals and institutional adoption, it’s still volatile. For now, the appetite for using it in balance sheets remains low.
Future battles are likely despite rejection
Meta shareholders reject Bitcoin plan, but the pressure from Bitcoin supporters will continue. As regulatory clarity improves and macroeconomic shifts challenge bond yields, corporate Bitcoin adoption may become more attractive. Today’s rejection isn’t the end—it’s part of a long campaign.
Crypto proponents will likely return with new proposals at next year’s meetings. With more education and better market tools, blue-chip firms might eventually warm to the idea. But for now, tradition holds the upper hand.
