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Meta Platforms, the parent company of Facebook, has decisively voted against a proposal to diversify its treasury with Bitcoin.
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The decision underscores the ongoing hesitance among major tech companies regarding substantial Bitcoin adoption.
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As stated by Meta’s board, the current treasury management practices remain robust, negating the need for Bitcoin integration.
Meta’s recent vote against adding Bitcoin to its treasury reflects the cautious stance of tech giants amid growing interest in cryptocurrency assets.
Meta Shuts Door on Bitcoin Treasury Move
Recent documents disclosed on X reveal that the shareholder proposal, initiated by investor Ethan Peck, garnered only 3.9 million votes in favor, while a staggering 4.9 billion voted against it, with 8.9 million shares abstaining and 205 million broker non-votes.
This proposal had urged Meta to convert a portion of its cash reserves into Bitcoin, pointing to the growing institutional interest in cryptocurrency and its capacity to outperform traditional financial assets.
However, the board swiftly rejected the idea, asserting that the company’s existing treasury management strategies are effective and comprehensive.
“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,” the board further explained.
Despite this rejection, Meta isn’t entirely dismissing the realm of digital assets. The company is reportedly in preliminary conversations with crypto infrastructure providers regarding potential integration of a stablecoin to enhance global payment systems.
The outcome of this vote concludes months of speculation about whether Meta would adopt a strategy similar to other companies like Strategy, which has made significant Bitcoin purchases as a reserve asset.
Notably, the decision mirrors recent rejections of similar proposals from industry leaders like Amazon and Microsoft, highlighting a broader apprehensiveness towards cryptocurrency among large tech firms.
Interestingly, speculation about Meta’s move toward Bitcoin was partly fueled by CEO Mark Zuckerberg’s affinity for the crypto world, even naming one of his goats ‘Bitcoin’.
Market analysts had suggested that if a tech giant like Meta or Microsoft incorporated Bitcoin into their balance sheets, the impact would be substantial, potentially influencing other companies to follow suit.
“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,” commented Bloomberg ETF analyst Eric Balchunas.
As of May 2025, over 85 public companies collectively hold more than 804,000 BTC, with Strategy leading the pack by controlling over 580,000 BTC.
Future Considerations for Tech Companies
This decisive action by Meta signals to investors and market participants that traditional financial prudence remains a dominant factor in corporate strategy. As the cryptocurrency landscape evolves, companies will likely continue to reevaluate their positions, weighing the benefits of diversification against the risks of volatility associated with digital assets.
Conclusion
Meta’s rejection of the Bitcoin treasury proposal serves as a reminder that while institutional interest in cryptocurrency is growing, significant hesitance still exists among major corporations. The financial strategy of tech giants remains rooted in established practices as they navigate this dynamic landscape. Moving forward, the discussions around the potential for blockchain integration and stablecoin adoption will likely continue, offering a glimpse into the future of corporate finance in the digital age.