Meta Shareholders Reject Bitcoin Treasury Proposal With 99.92% Opposed, Board Calls It Unnecessary

Meta Platforms Inc. shareholders have overwhelmingly rejected a proposal to assess adding Bitcoin to the company's $72 billion corporate treasury. The vote saw 99.92% of shareholders opposed, with only 3.9 million shares in favor and nearly five billion against. Over 8.8 million shares abstained, making it the least supported item among the 14 proposals on Meta's 2025 annual meeting ballot.

The proposal, submitted by Ethan Peck of the National Center for Public Policy Research, cited Bitcoin's 124% price surge in 2024 and argued it could serve as a hedge against inflation and weak bonds. The plan urged Meta to evaluate Bitcoin as a 'responsible asset allocation' tool.

Meta's board of directors called the proposal 'unnecessary.'

The move comes as other firms, such as GameStop and Metaplanet, have recently adopted Bitcoin for their corporate treasuries, following a strategy popularized by Michael Saylor. Similar proposals have been rejected by shareholders at Microsoft and Amazon.

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