Meta shareholders reject Bitcoin treasury strategy proposal

Meta (NASDAQ: META) shareholders have overwhelmingly rejected a proposal to include Bitcoin on the company’s balance sheet, according to a filing submitted to the U.S. Securities and Exchange Commission on May 28, 2025. The proposal, initiated by Ethan Peck, Bitcoin Director at wealth management firm Strive, recommended that Meta convert a portion of its $72 billion in cash and cash equivalents into Bitcoin as a hedge against inflation.

The vote result showed that only 3.92 million votes supported the motion, while nearly 5 billion votes were cast against it. The initiative was part of a broader campaign led by the National Center for Public Policy Research, targeting other tech giants such as Microsoft (MSFT) and Amazon (AMZN). Microsoft shareholders had previously rejected a similar proposal, while Amazon has yet to vote.

Although Meta does not currently hold any cryptocurrencies in its treasury, the company has previously explored blockchain initiatives, including the Libra project—later rebranded as Diem—which was ultimately shut down in 2022. In 2024, reports emerged that Meta was exploring the use of stablecoins for internal payment systems across its platforms.