Meta Shareholders Are Not Bullish On Bitcoin

By Anthony • June 2, 2025 4:12 pm • Comments

As Bitcoin has smashed its all time high this month many tech companies are investing in the cryptocurrency.

However, Meta shareholders have made it clear they will not be on of them.

During a recent shareholders meeting, Meta shareholders in a shocking majority rejected the possibility of adding Bitcoin to its balance sheets.

Trending: Robinhood Acquires Major Cryptocurrency Exchange

The Street broke down the details behind Meta’s decision:

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.

Meta shareholders reject Proposal 13, with over 4.98 billion votes cast against a Bitcoin treasury plan.

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.

Black Rock which is the second largest shareholder of Meta advised that a small allocation of Bitcoin would be acceptable.

MSN had these details to add:

Peck, who serves as Bitcoin director for the wealth management firm Strive, also noted that Meta’s second-largest shareholder, BlackRock, advised that a 2% Bitcoin allocation is reasonable.

The Bitcoiner submitted the proposal on behalf of his family’s shares in the social media giant.

Peck has also submitted similar Bitcoin treasury proposals to Microsoft and Amazon last year on behalf of the conservative think tank, the National Center for Public Policy Research (NCPPR).
Microsoft shareholders voted against Peck’s proposal in December, while Amazon shareholders are awaiting a vote on whether to allocate at least 5% of the company’s assets to Bitcoin.

Nick Cowan, CEO of fintech firm Valereum, told Cointelegraph in December that Amazon has a better track record of adopting emerging tech and exploring novel investments than many other Big Tech companies.

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