Meta Shareholders Reject Bitcoin Treasury Proposal

Meta shareholders decisively voted on June 2, 2025, against a proposal to add Bitcoin to the company’s balance sheet, with an overwhelming majority opposing.

The rejected proposal emphasizes the reluctance of major corporations to adopt Bitcoin in treasury strategies, potentially reinforcing traditional asset allocations. As Industry Observers noted, “Crypto proponents will likely continue pressing US blue-chip boards to reconsider digital-asset policies, particularly as the regulatory environment for cryptocurrencies evolves.”

Ethan Peck’s Proposal for Bitcoin Treasury Fails

Ethan Peck proposed that Meta could use Bitcoin as an inflation hedge, suggesting the conversion of surplus cash into Bitcoin. Majority shareholders chose to maintain Meta’s traditional asset allocation.

CEO Mark Zuckerberg, with access to $72 billion in cash reserves, did not support the initiative. Only 3.9 million shares backed the proposal, indicating low shareholder interest.

Bitcoin Investment Rejected by Meta’s Shareholders

Bitcoin was specifically named in the proposal, but with the shareholder vote concluded, the institutional investment opportunity passed. The decision calls attention to companies’ reluctance to change treasury policies.

Meta’s decision included financial implications, reaffirming their $72 billion in current allocations. The outcome leaves the cryptocurrency market unaltered, with past rejections by similar tech giants setting a pattern.

Historical Rejections of Bitcoin by Major Corporations

Similar attempts to convert corporate assets to Bitcoin faced rejections, such as efforts with Microsoft and Amazon. Consistent negative shareholder votes highlight large companies’ preference for traditional treasury policies.

The decision suggests that, based on previous trends, major US companies remain hesitant to embrace cryptocurrencies widely. Ongoing lobbying efforts persist as regulatory clarity evolves, influencing potential future decisions.