Updated on:12/26/2025 06:47 PM 
Meta Platforms shareholders have decisively voted against incorporating Bitcoin into the company's substantial $72 billion cash reserves, with an overwhelming majority rejecting the proposal during the annual meeting on May 30.
The results showed a landslide decision, with 4.98 billion shares opposing the measure compared to just 3.92 million shares in favor. An additional 8.86 million shares were abstained, while brokers withheld votes on 204.77 million shares. The initiative failed to pass, receiving less than 0.1% of the total votes cast.
This Bitcoin treasury proposal, formally submitted by Ethan Peck representing the National Center for Public Policy Research, called for Meta to convert a portion of its surplus cash into cryptocurrency. Proponents argued that Bitcoin would serve as an effective inflation hedge, particularly when considering its significant price appreciation in 2024 versus the modest returns offered by traditional bonds.
The rejection came despite mounting pressure from cryptocurrency advocates, including Strive Asset Management CEO Matt Cole, who publicly urged Meta CEO Mark Zuckerberg to adopt a "bold corporate Bitcoin treasury approach." Cole specifically reached out to Zuckerberg during the 2025 Bitcoin Conference and endorsed a "yes" vote on what became known as Proposal 13.
Industry observers noted that this vote could have significant implications for corporate adoption of cryptocurrency. Bloomberg senior ETF analyst Eric Balchunas suggested that had Meta approved the measure, it would have become the first U.S. megacorporation to add Bitcoin to its treasury during this economic cycle, potentially signaling broader acceptance of digital assets among major companies.
Previous attempts by Bitcoin proponents to influence similar decisions at Microsoft and Amazon shareholders' meetings have also met with resistance, underscoring the challenges faced by cryptocurrency advocates when approaching established corporations with traditional treasury management frameworks.
While Meta's treasury strategy remains unchanged following this vote, industry analysts expect that digital asset proponents will continue to pressure major U.S. corporations to reconsider their policies regarding cryptocurrency holdings. This push is expected to intensify as regulatory clarity surrounding digital assets continues to develop in the coming years.
