Meta Platforms shareholders rejected a measure that urged the corporate so as to add Bitcoin (BTC) to its $72 billion money pile, voting 4.98 billion shares towards and three.92 million for on the Could 30 annual assembly, as reviews surfaced.
Abstentions totaled 8.86 million shares, whereas brokers withheld votes on 204.77 million shares. With fewer than 0.1% of votes solid in favor, the initiative fell nicely wanting passage.
The decision, submitted by Ethan Peck of the Nationwide Heart for Public Coverage Analysis, requested Meta to “present a counterweight towards decrease bond effectiveness” by changing an unspecified portion of surplus money into Bitcoin.
Peck framed the asset as an inflation hedge, noting its worth enhance in 2024 in contrast with modest bond returns.
Exterior advocates pressed Zuckerberg
The poll adopted public lobbying from Attempt Asset Administration CEO Matt Cole, who referred to as Meta CEO Mark Zuckerberg throughout the 2025 Bitcoin Convention, urging a “daring company Bitcoin treasury strategy” and endorsing a “sure” vote on Proposal 13.
On the identical day, Bloomberg senior ETF analyst Eric Balchunas stated Meta may turn out to be the primary US megacap so as to add Bitcoin this cycle, suggesting such a transfer would sign broader company acceptance.
Prior makes an attempt to sway Microsoft and Amazon shareholders towards comparable steps have additionally failed, highlighting the hurdles Bitcoin advocates face when concentrating on large-cap corporations with standard treasury frameworks.
The vote leaves Meta’s treasury unchanged, nevertheless it confirms that crypto proponents will seemingly proceed urgent US blue-chip boards to revisit digital-asset insurance policies as regulatory readability improves.
The submit Meta shareholders reject Bitcoin treasury bid in landslide vote appeared first on CryptoSlate.
