Meta’s Daring Bitcoin Proposal Faces a Dismal Fate
In a significant turn of events, Meta Platforms Inc. has seen its shareholders decisively reject a proposal that would have allowed the tech giant to explore adding Bitcoin to its company balance sheet. In a recent regulatory filing dated May 28, the “Bitcoin treasury assessment” proposal garnered a mere 3.92 million votes in favor, amounting to just 0.08% of the total votes. In stark contrast, nearly 5 billion shares were cast against the measure.
The overwhelming opposition can be attributed in large part to Meta’s CEO, Mark Zuckerberg, who wields a commanding 61% of the company’s voting power, and likely voted against this controversial plan. This vote reflects wider skepticism within the tech industry regarding the inclusion of volatile cryptocurrencies like Bitcoin in corporate treasuries.
Bitcoin Advocate Calls for Change
The proposal was championed by Bitcoin enthusiast Ethan Peck, who in January urged Meta to consider diverting a slice of its impressive $72 billion cash reserves into Bitcoin. Peck defended his suggestion by highlighting Bitcoin’s potential as a hedge against the eroding value of cash in an inflationary landscape. “With cash consistently being debased and bond yields lagging behind actual inflation rates, the reality is that 28% of Meta’s total assets may be undermining shareholder value,” he asserted in his pitch.
Peck’s argument also drew from insights provided by investment titan BlackRock, which suggested that even a modest 2% allocation to Bitcoin could be beneficial. Interestingly, Peck submitted this proposal on behalf of his family’s holdings in Meta and serves as the Bitcoin director at Strive, a wealth management firm focused on empowering stakeholders.
BREAKING: $1.6 TRILLION META OFFICIALLY REJECTS SHAREHOLDER PROPOSAL TO ADD #BITCOIN TO TREASURY. $70 BILLION IN MELTING ICE CUBES. THIS WILL GO DOWN AS A HISTORIC MISTAKE 💀 pic.twitter.com/pWU1uC6kli— The Bitcoin Historian (@pete_rizzo_) May 31, 2025
The Bigger Picture: Trends in Corporate Bitcoin Adoption
While Meta hesitates, the momentum behind Bitcoin adoption among public companies continues to build. According to BitcoinTreasuries.NET, 116 publicly traded firms have now added Bitcoin to their balance sheets, a figure that keeps climbing. Recent entrants into this growing list include gaming powerhouse GameStop and Swedish health technology firm H100.
It’s important to note that MicroStrategy maintains its position as the largest corporate holder of Bitcoin, boasting an impressive reserve of 580,250 BTC valued at approximately $60.9 billion. Other prominent entities like Marathon Digital Holdings and Tesla aren’t far behind, each holding over $1 billion in Bitcoin.
As the cryptocurrency enjoys a significant rally, reaching a record high of $111,965 recently, digital asset companies are flocking to capital markets to raise funds for major Bitcoin investments. The surge, which represents over a 50% increase since April, has catalyzed a frenzy of listings and mergers as firms strive to capitalize on robust investor interest. Notably, Trump Media & Technology Group has confirmed its intentions to secure $2.5 billion for crypto acquisitions, following in MicroStrategy’s ambitious footsteps.
Expert Opinions: Perspectives on Meta’s Decision
Industry analysts are divided on Meta’s choice to spurn Bitcoin. Some argue that the rejection reflects a broader reluctance among tech firms to embrace the inherent volatility associated with cryptocurrencies. Others point to the increasing trend of companies diversifying their assets with Bitcoin as an indicator that the landscape is evolving, pushing traditional firms to reconsider their stances.
“Meta’s choice could very well lead to a re-evaluation as the economic landscape shifts,” opines financial analyst Laura Atkinson. “As more firms see Bitcoin as a viable asset class, it will be interesting to see if Meta’s decision is viewed as a missed opportunity or a prudent choice.”
What Lies Ahead for Bitcoin in Corporate Treasuries?
The refusal to embrace Bitcoin could be a double-edged sword for Meta. On one hand, staying away from this volatile asset may protect it from market downturns. On the other, the growing acceptance of Bitcoin in major corporations could result in Meta missing out on significant growth opportunities.
With anticipation building for upcoming votes among other tech giants like Amazon, it remains to be seen whether Meta’s decision influences future corporate strategies surrounding cryptocurrency. If trends hold, companies may find their hesitation increasingly out of sync with a market eager for innovation and growth.
Conclusion: Join the Conversation
Meta’s rejection of the Bitcoin proposal not only reflects its internal stance but also raises important questions about the future of digital currencies in corporate finance. As more companies consider adding Bitcoin to their treasuries, will Meta’s decision be a precedent or an anomaly? We encourage you to share your thoughts on this turning point in the comments below!