Main to remember
- Meta shareholders have expressed nearly 5 billion votes to add Bitcoin to the company’s reserves.
- The rejected proposal means that Meta will not assess Bitcoin acquisition policies.
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The shareholders of the meta of Mark Zuckerberg voted a proposal to assess the addition of bitcoin to the company’s treasure at its annual meeting this week.
On Friday, the results, shared by Phoenixnews, also showed that around 8.9 million shares were abstentions and that nearly 205 million shares were non-vow.
Meta platform shareholders vote against the Bitcoin treasure assessment proposal pic.twitter.com/zeiruhq2ok
– Phoenix »phoenixnews.io (@phoenixnewsio) May 30, 2025
The proposal, submitted by investor Ethan Peck, representing the National Center for Public Policy Research (NCPPR), asked Meta to assess whether the conversion of part of its cash and bond assets on Bitcoin would better preserve the value of shareholders.
As of September 30, 2024, Meta had $ 72 billion in cash, cash equivalents and marketable securities, which, according to the proposal, are eroded by inflation and low yields. The measurement presents Bitcoin, with its fixed diet and its high performance past compared to the obligations, as a more reliable long -term value store.
The deposit also underlined an increased dynamic of the institutional adoption of Bitcoin, in particular the aggressive acquisitions of Strategment Bitcoin, the BlackRock approval of a Bitcoin allowance of 2% and speculations on the potential reserves of Federal and state American bitcoin in 2025.
In addition, he noted that Meta leadership had shown informal signals of interest. Zuckerberg appointed his goats “Bitcoin” and “Max”, and the member of the board of directors Marc Andreessen sits on the board of directors of Coinbase.
However, the Meta board of directors opposed the resolution, the useless appellant.
Responding to the proposal, the company’s board of directors said META already had a robust treasury management process, which prioritizes capital preservation and liquidity to support operations.
The board of directors added that Meta regularly assesses a wide range of investable assets and has not seen the need for a separate Bitcoin assessment.
“Although we do not judge the investment of cryptocurrencies in relation to other assets, we believe that the assessment requested is not necessary given our existing processes to manage our business treasure,” Meta’s board of directors noted in a statement.
The NCPPR has urged several major companies, including Microsoft and Amazon, to adopt Bitcoin as assets of the Treasury. However, none of these efforts has succeeded to date.
In December 2024, Microsoft shareholders rejected a proposal supported by the NCPPR which asked for the addition of Bitcoin to the company’s balance sheet in order to diversify the profits and to mitigate financial risks.
However, an increasing number of listed companies adopt Bitcoin in their cash strategies.
There is also an upward trend of industry players and large companies collaborating to launch companies focused on Bitcoin – companies dedicated to the accumulation of Bitcoin and the construction of infrastructure that surrounds it.
Meta Eyes Stablecoin on Bitcoin
Although Bitcoin is not on the immediate agenda of Meta, society seems to show a renewed interest in stablecoins, in parallel with its continuous thrust in AI.
According to Forbes, Meta explored the integration of stablecoins in its platforms for world payments, organizing discussions at the start of shares with crypto infrastructure companies.
This would mark Meta’s return to cryptographic space after leaving the sector after the regulatory backhands with its Diem project. This initial effort focused on the implementation of stablescoins for cross -border payments, aimed at providing a cheaper and faster alternative to traditional financial systems.
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