• Meta shareholders rejected a proposal to invest a portion of the company’s $72 billion cash reserves in Bitcoin. 
  • Other major technology companies, such as Microsoft, have also rejected similar Bitcoin proposals. 

Meta Platforms shareholders decisively rejected a proposal to add Bitcoin to the company’s $72 billion cash reserves during its annual general meeting on May 30, 2025. The final vote count showed 4.98 billion votes against the initiative, while only 3.91 million shares voted in favor.

This margin represents less than 0.1% approval for the cryptocurrency investment strategy. Another 8.86 million shares abstained, while brokers submitted over 204.77 million shares for voting (broker non-votes). The overwhelming rejection signals Meta’s continued commitment to traditional approaches to asset management.

The shareholder proposal, Proposal 13, originated from the National Center for Public Policy Research. Representing the organization, Ethan Peck argued that Bitcoin could serve as an effective hedge against inflation and falling bond yields. He highlighted Bitcoin’s superior performance in 2024 compared to conventional fixed-income investments.

Corporate Treasury strategy remains unchanged

Meta’s Board of Directors had previously recommended that shareholders vote against the proposal. Given existing treasury management practices, management deemed it unnecessary to consider a Bitcoin investment. The rejection confirms Meta’s conservative approach to cash management.

The vote followed similar results at other major technology companies. Microsoft shareholders rejected a similar proposal in December 2024 that recommended investing at least 1% of the company’s $484 billion assets in Bitcoin. Amazon also faced similar shareholder initiatives that were unsuccessful.

Due to regulatory uncertainty and volatility concerns, large corporations remain hesitant about accepting cryptocurrencies. Resistance persists, despite endorsements from prominent Bitcoin supporters and successful implementations by smaller companies.

Bitcoin advocacy campaign fails

The proposal gained public attention through a campaign led by Matt Cole, CEO of Strive Asset Management. At the Bitcoin 2025 conference in Las Vegas, Cole urged CEO Mark Zuckerberg to pursue a Bitcoin reserve strategy for the company . He pointed to Meta’s goat, Bitcoin, as symbolic groundwork for cryptocurrency adoption.

Cole’s presentation highlighted concerns about the global devaluation of fiat currencies and the need for alternative treasury investments. His remarks sparked discussions on social media platforms and in cryptocurrency-focused publications. However, his advocacy failed to sway institutional investors and Meta’s broader shareholder base.

Michael Saylor , known for his firm’s Bitcoin strategy, has consistently advocated for corporate adoption of cryptocurrencies. Despite support from high-profile proponents, shareholder voting results continue to reflect conservative institutional preferences.