Meta Platform shareholders rejected measures that urged the company to add Bitcoin (BTC) to their $72 billion cash pile, and voted 4.98 billion shares and 392 million shares at its annual meeting on May 30th. The report has surfaced.
The total abstention was 8.86 million shares, while the broker voted for 204.77 million shares. The initiative was significantly underpassed, as less than 0.1% of votes became an advantage.
A resolution submitted by Ethan Peck of the National Center for Public Policy Studies asked Meta to “provide a counterweight against the effectiveness of low bonds” by converting an unspecified portion of the surplus cash into Bitcoin.
Peck framed assets as inflation hedges and pointed to a price rise in 2024 compared to modest bond returns.
Outside supporters pushed Zuckerberg
The vote followed a public lobbying effort from Matt Cole, CEO of Effort Asset Management, who called Meta CEO Mark Zuckerberg at the 2025 Bitcoin Conference.Bold Corporate Bitcoin Ministry of Finance approach‘ and approves a “yes” vote on the proposal 13.
On the same day, Bloomberg senior ETF analyst Eric Bulknas said that Meta could make this cycle the first US Mega Cup to add Bitcoin.
Previous attempts to influence Microsoft and Amazon shareholders on similar measures have also failed. It highlights the hurdles for Bitcoin supporters to target large companies within the traditional Treasury framework.
The vote remains unchanged for Meta’s Treasury Department, but it confirms that crypto advocates are likely to continue pushing US blue chipboards to revisit digital asset policies as regulations clarity improves.
Postmeta shareholders have rejected Bitcoin Treasury bid in a landslide vote.