Meta shareholders vote overwhelmingly against a proposal to adopt Bitcoin as a treasury asset, signaling continued skepticism toward crypto reserves
The proposal to utilize a portion of Meta’s $72 billion cash was unsuccessful in obtaining passage, as less than 0.1% of the ballots were cast in favor.
At the May 30 annual meeting, Meta Platform shareholders denied a proposal encouraging the company to incorporate Bitcoin (BTC) into its $72 billion cash reserves. The vote was 4 billion shares in favor and 3 million against. This decision was made in response to reports that the company considered adding Bitcoin (BTC) to its cash reserves.
Abstentions amounted to 8.86 million shares, and brokers withheld ballots on 204.77 million shares. The initiative failed to achieve passage, with less than 0.1% of ballots cast in its favor.
Meta was requested to “provide a counterweight against lower bond efficacy” by converting an unspecified portion of surplus cash into Bitcoin in a resolution submitted by Ethan Peck of the National Center for Public Policy Research.”
Peck characterized the asset as an inflation hedge, observing that its price increased in 2024 compared to the modest returns of bonds.
Outside advocates exerted pressure on Zuckerberg.
The ballot resulted from public lobbying by Strive Asset Management CEO Matt Cole, who contacted Meta CEO Mark Zuckerberg during the 2025 Bitcoin Conference to advocate for a “bold corporate Bitcoin treasury approach” and to endorse a “yes” vote on Proposal 13.
Eric Balchunas, a senior ETF analyst at Bloomberg, stated on the same day that Meta could become the first US megacap to incorporate Bitcoin this cycle. He suggested that such a move would indicate a broader corporate adoption of Bitcoin.
The failure of previous attempts to persuade Microsoft and Amazon shareholders to adopt comparable measures underscores the challenges that Bitcoin advocates encounter when attempting to influence large-cap firms with conventional treasury frameworks.
The resolution maintains Meta’s treasury in its current state; however, it confirms that crypto advocates will likely persist in encouraging US blue-chip boards to reconsider digital-asset policies as regulatory clarity increases.
