Meta Votes Against Adding Bitcoin to Corporate Treasury

Jun 1, 2025 – Meta Platforms, the parent company of Facebook and Instagram, has voted overwhelmingly against a shareholder proposal urging the tech giant to diversify its treasury into Bitcoin. The decision signals continued caution from Big Tech toward direct crypto adoption.

Shareholders Overwhelmingly Reject Proposal

The proposal, introduced earlier this year by shareholder Ethan Peck, suggested that Meta convert a portion of its cash and bond reserves into Bitcoin. However, the final vote tally was decisive: just 3.9 million shares voted in favor, while over 4.9 billion voted against. An additional 8.9 million abstained, and 205 million were broker non-votes.

Meta’s board had already recommended rejecting the proposal prior to the vote, stating that its current treasury management practices are sufficient and do not necessitate the inclusion of digital assets.

Meta Maintains Distance from Bitcoin

In a statement, Meta’s board said it saw “no compelling reason” to alter its financial strategy to include cryptocurrency holdings. The company did not dismiss digital assets outright, but emphasized that it already has strong internal frameworks for managing its treasury.

“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,” the board noted.

Industry Context: A Cautious Tech Sector

The vote comes amid growing institutional interest in Bitcoin, but Big Tech firms have remained reluctant. Amazon and Microsoft also recently rejected similar shareholder proposals regarding Bitcoin reserves, showing a pattern of conservatism despite increasing corporate Bitcoin adoption.

Meta has, however, shown interest in blockchain infrastructure. The company is reportedly exploring stablecoin integrations and decentralized payment systems, though it has not yet committed to any on-chain asset strategies.

Speculation Around Zuckerberg and Bitcoin

Speculation around Meta’s crypto ambitions has often been fueled by CEO Mark Zuckerberg’s occasional nods to the space — including famously naming one of his goats “Bitcoin.” Despite this, the vote outcome suggests Meta will not be following in the footsteps of firms like Strategy (formerly MicroStrategy), which has aggressively accumulated Bitcoin as a reserve asset.

Bitcoin on Corporate Balance Sheets

As of May 2025, more than 85 public companies hold Bitcoin, with Strategy leading the field at over 580,000 BTC. Meta’s decision not to join these ranks underscores that even as institutional adoption grows, major tech firms are still approaching crypto exposure with hesitation.