Key Voting Results:
- Overwhelming rejection of shareholder proposal to invest in Bitcoin
- Vote tally: 3.9M in favor vs 4.9B against
- Big Tech remains cautious on crypto assets
- Similar rejections by Amazon, Microsoft
📊 Decisive Defeat for Bitcoin Proposal
Meta Platforms, the mastermind behind Facebook and Instagram, has overwhelmingly rejected the shareholder proposal to include Bitcoin in corporate treasury reserves.
Big Tech continues to maintain a cautious approach to major cryptocurrencies, despite growing interest from many companies in digital assets.
🗳️ Voting Breakdown
According to documents shared on X, the shareholder motion received only 3.9 million votes in favor compared to 4.9 billion votes against.
Additional Statistics:
- Non-participating shares: 8.9 million
- Votes not cast by brokers: 205 million
📝 Ethan Peck’s Proposal
Meta shareholder Ethan Peck had submitted the proposal earlier this year, suggesting the company invest part of its cash and bond reserves in Bitcoin, citing:
- Growing institutional acceptance of cryptocurrency
- Ability to outperform traditional financial instruments
🏢 Board’s Position
The Meta board rejected Peck’s proposal before it was put to a shareholder vote. The board believes current treasury management systems are already strong enough without Bitcoin inclusion.
“Although we do not wish to comment on the merits of investments in cryptocurrencies versus other assets, we believe that the required evaluation is not necessary given our existing procedures for corporate treasury management” — Meta stated.
🔗 Blockchain Openness Remains
Despite the recent decision, Meta continues to maintain an open attitude towards blockchain technology. According to reports, the company has started preliminary talks with crypto infrastructure companies to evaluate possible stablecoin integration for international payments support.
🔄 Following Big Tech Pattern
Meta’s decision mirrors Amazon and Microsoft, whose shareholders have recently rejected similar proposals.
Analyst Eric Balchunas commented:
“If a company like Meta or Microsoft were to put BTC on their balance sheet, it would likely have a bigger impact than many smaller companies that do, kind of like when Tom Hanks took COVID and suddenly it all seemed more real”
👨👩👧👦 Zuckerberg’s Personal Crypto Connection
Interest around possible Bitcoin investment by Meta was also fueled by CEO Mark Zuckerberg’s personal connection to crypto culture: one of his kids is actually named ‘Bitcoin’. Some market analysts speculated that Meta could lead tech companies towards wider digital asset adoption.
📈 Corporate Bitcoin Holdings Landscape
According to HODL15Capital data updated in May 2025, more than 85 public companies collectively hold more than 804,000 BTC.
Holdings Leaders:
- MicroStrategy: more than 580,000 BTC in portfolio (clear leader)
- Remaining companies distribute the remaining ~224,000 BTC
Bottom Line: While Meta rejected Bitcoin for treasury purposes, the company remains open to blockchain innovation, particularly in payments infrastructure, suggesting a selective rather than blanket approach to crypto technologies.