Meta Shareholders Overwhelmingly Reject Bitcoin Treasury Proposal
At Meta Platforms Inc.’s 2025 annual meeting, shareholders decisively voted down a proposal to add Bitcoin to the company’s treasury holdings. The proposal, championed by Ethan Peck of the National Center for Public Policy Research, garnered less than 1% support—making it the least favored among the 14 agenda items.
The Proposal: Bitcoin as an Inflation Hedge
Peck, leveraging his interest in Meta Shareholders argued that Bitcoin should be considered a strategic asset for treasury diversification and inflation protection. He highlighted Bitcoin’s impressive 124% year-over-year price gain in 2024 and its staggering 1,265% increase over the past five years—outperforming traditional assets like bonds currently held by Meta.
He also pointed to Meta CEO Mark Zuckerberg’s known enthusiasm for Bitcoin (even naming his goats “Bitcoin” and “Max”) and cited board member Marc Andreessen’s positive stance on cryptocurrencies. Despite these points, Meta shareholder support failed to materialize.
Meta Shareholders Say ‘No’
The voting results were clear: nearly five billion shares rejected the Bitcoin proposal, with just under four million in favor and over 8.8 million abstaining. This strong rebuff underscores a cautious attitude among major tech firms toward volatile assets like Bitcoin, even as other sectors increasingly embrace cryptocurrency.
Corporate Contrasts: Bitcoin Adoption Elsewhere
While Meta stayed cautious, several companies are embracing Bitcoin in their treasuries. GameStop made headlines on May 28, 2025, purchasing 4,710 bitcoins for more than $506 million as part of its diversification strategy. Meanwhile, Trump Media & Technology Group raised over $2.3 billion via new shares and convertible debt to build a Bitcoin treasury reserve, positioning itself as a notable crypto player.
In Japan, Metaplanet Holdings saw its stock soar by 4,800% in the past year after strategically adding Bitcoin to its treasury, with plans to acquire up to 21,000 BTC by the end of 2026.
The Bigger Picture: Navigating Cryptocurrency in Corporate Finance
These contrasting corporate approaches highlight the ongoing debate over Bitcoin’s role in company finances. Supporters view it as a valuable inflation hedge and a strategic first-mover advantage, while skeptics focus on its price volatility and regulatory uncertainties.
Meta’s rejection reflects a preference for financial stability and predictability, opting to avoid the risks tied to digital assets for now. As cryptocurrency continues to evolve, companies will need to carefully balance innovation with risk management when considering digital assets in their treasuries.
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