Facebook’s Meta Stakeholders Reject Bitcoin Investment Proposal

Meta Platforms, the dad or mum firm of Facebook and Instagram, has voted overwhelmingly towards a proposal to diversify its company treasury into Bitcoin.

This alerts that Big Tech stays cautious about adopting the highest cryptocurrencies regardless of rising company curiosity.

According to paperwork shared on X, the shareholder movement obtained simply 3.9 million votes in favor, whereas greater than 4.9 billion opposed it. Another 8.9 million shares abstained, and 205 million had been dealer non-votes.

This vote follows the proposal of Ethan Peck, a Mata Shareholder, earlier this yr.

Peck had known as on Meta to transform a portion of its money and bond reserves into Bitcoin, citing rising institutional adoption and the asset’s potential to outperform conventional monetary devices.

However, Meta’s board rejected the proposal even earlier than the vote, stating that the corporate already has sturdy treasury administration practices.

The board maintained that there was no compelling motive to contemplate Bitcoin, although it didn’t totally dismiss digital belongings as an idea.

“While we are not opining on the merits of cryptocurrency investments compared to other assets, we believe the requested assessment is unnecessary given our existing processes to manage our corporate treasury,” Meta’s board said.

Still, Meta hasn’t dominated out blockchain expertise totally. The firm has reportedly held early-stage discussions with crypto infrastructure companies a few potential stablecoin integration to help world funds.

Meanwhile, the vote ends months of hypothesis that Meta would possibly observe within the footsteps of firms like Strategy, which has aggressively gathered Bitcoin as a reserve asset.

The Facebook’s dad or mum firm resolution additionally mirrors current shareholder rejections at Amazon and Microsoft, each of which declined related proposals.

Some of the hypothesis surrounding Meta stemmed from CEO Mark Zuckerberg’s ties to crypto tradition, together with the truth that considered one of his goats is called Bitcoin.

Notably, market analysts had floated the concept that Meta may lead a brand new wave of tech companies embracing digital belongings.

“If a Meta or Microsoft adds BTC to its balance sheet, it will arguably have a bigger impact than all the smaller companies doing it. Kinda like when Tom Hanks got COVID, which made it feel real even though the cases had already been mounting,” Bloomberg ETF analyst Eric Balchunas defined.

As of May 2025, greater than 85 public firms collectively maintain over 804,000 BTC, in response to Hodl15Capital. Strategy leads the pack with greater than 580,000 BTC beneath its management.