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 Might 30 annual assembly, as stories 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 properly in need of passage.
The decision, submitted by Ethan Peck of the Nationwide Middle 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 improve in 2024 in contrast with modest bond returns.
Outdoors advocates pressed Zuckerberg
The poll adopted public lobbying from Try Asset Administration CEO Matt Cole, who known as Meta CEO Mark Zuckerberg through 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 might 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, however it confirms that crypto proponents will seemingly proceed urgent US blue-chip boards to revisit digital-asset insurance policies as regulatory readability improves.
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