Meta Shareholders Reject Bitcoin Treasury Proposal With Fewer Than 0.1% in Favor, $72 Billion Cash Unchanged

Meta Platforms shareholders have overwhelmingly rejected a proposal to add Bitcoin to the company's treasury. The proposal, submitted by Ethan Peck of the National Center for Public Policy Research as Proposal 13, called for the company to assess the financial implications of adopting Bitcoin as a reserve asset.

At Meta's May 30 annual meeting, fewer than 0.1% of votes were cast in favor of the measure, with 4.98 billion shares against and just 3.92 million in support. There were 8.86 million abstentions, and brokers withheld votes on 204.77 million shares.

The proposal suggested that Bitcoin could serve as a hedge against inflation, referencing Bitcoin's 124% price increase in 2024. The initiative received public backing from Matt Cole, CEO of Strive Asset Management, but was called 'unnecessary' by Meta's board of directors.

Of the 14 proposals on Meta's 2025 ballot, the Bitcoin measure received the least support. The decision leaves Meta's $72 billion in cash and short-term investments unchanged. Meta, valued at $1.6 trillion, follows Microsoft and Amazon, where similar shareholder proposals to add Bitcoin have also failed. Companies like GameStop and Metaplanet have recently added Bitcoin to their treasuries.

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