Meta Shareholders Reject Bitcoin Cash Reserve Proposal 99.9%

Meta Platforms shareholders overwhelmingly rejected a proposal to add Bitcoin to the company's $72 billion cash reserves. The vote, which took place during the May 30 annual meeting, saw 4.98 billion shares cast against the measure, with only 3.92 million shares in favor. Abstentions totaled 8.86 million shares, and brokers withheld votes on 204.77 million shares. The initiative, which required less than 0.1% of votes to pass, fell far short of the necessary support.

The resolution, submitted by Ethan Peck of the National Center for Public Policy Research, advocated for converting an unspecified portion of Meta's surplus cash into Bitcoin. Peck argued that Bitcoin could serve as an inflation hedge, citing its price increase in 2024 compared to modest bond returns. The proposal aimed to provide a counterweight against the lower effectiveness of bonds in the current economic climate.

Outside advocates, including Strive Asset Management CEO Matt Cole, publicly lobbied for the measure. Cole called Meta CEO Mark Zuckerberg during the 2025 Bitcoin Conference, urging a "bold corporate Bitcoin treasury approach" and endorsing a "yes" vote on Proposal 13. Despite these efforts, the proposal did not gain traction among shareholders.

The rejection of the Bitcoin treasury bid underscores the challenges faced by crypto proponents in persuading large-cap firms to adopt digital assets. Previous attempts to sway Microsoft and Amazon shareholders toward similar steps have also met with failure, highlighting the resistance within conventional treasury frameworks. The vote leaves Meta’s treasury unchanged, but it confirms that crypto advocates will likely continue pressing US blue-chip boards to revisit digital-asset policies as regulatory clarity improves.