95% of Meta shareholders want nothing to do with a Bitcoin Treasury originally appeared on TheStreet.
At Meta Platforms’ annual shareholder meeting on May 30, shareholders overwhelmingly opposed a proposal to add Bitcoin to the platform’s balance sheet, a trend that has gained prevalence in recent months.
Shareholder Proposal 13, made by investor Ethan Peck representing the National Center for Public Policy Research, included a recommendation to convert some of the company’s $72 billion in cash and marketable securities into Bitcoin as an inflation hedge and due to the lower yields in bonds.
However, the vote tally showed that 4,980,828,562 shares (around 95%) were cast against the proposal, with only 3,916,871 cast in favor of it. Additionally, 8,857,588 shares were abstained from, and 204,772,865 were counted as broker non-votes.
“While we are not opining on the merits of cryptocurrency investments compared to other assets, we believe the requested assessment is unnecessary,” stated Meta’s board.
According to Bitcoin News, at Bitcoin 2025, Matt Cole, CEO of Strive Asset Management, stated, “You have already done step one. You have named your goat Bitcoin,” he said. “My ask is that you take step two and adopt a bold corporate bitcoin treasury strategy,” addressing Meta CEO Mark Zuckerberg.
Meta’s announcement falls in line with what other tech giants, most notably Microsoft and Amazon, have already done by rejecting any requests to add Bitcoin to their treasury reserves.
However, Meta has begun to re-enter the cryptocurrency market, with research into integrating stablecoins like USDC and USDT into its platforms for content creator payments and cross-border transactions, according to Forbes.
However, Andy Stone, Meta Communications Director, posted on X saying, “To be clear: as Mark said (and as the story notes), Diem is ‘dead.” There is no Meta stablecoin,” while referring to the Libra Association, which was trying to create a stablecoin-like payments system back in 2019.
At press time, Meta’s stock is trading at $668.17, up over 3.19% in the last 24 hours.
95% of Meta shareholders want nothing to do with a Bitcoin Treasury first appeared on TheStreet on Jun 2, 2025
This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared.