Meta Platforms, the mastermind behind Facebook and Instagram, has overwhelmingly rejected the shareholder promotion to include Bitcoin in corporate treasuries.
Big Tech continues to maintain a cautious approach to major cryptocurrencies, despite the growing interest of many companies in digital assets.
Meta Closes Doors to Bitcoin As Corporate Reserve
The shareholder motion received only 3.9 million votes in favour, compared to 4.9 billion votes against, according to documents shared on X. Non-participating shares amounted to 8.9 million, while votes not cast by brokers reached 205 million.
Meta shareholder Ethan Peck had submitted the proposal earlier this year, suggesting that the company invest part of its cash and bond reserves in Bitcoin, citing the growing acceptance of cryptocurrency by institutions and its ability to outperform traditional financial instruments.
The Meta board rejected Peck's proposal before it was put to a shareholder vote. The board believes that the current treasury management systems are already strong enough without the inclusion of Bitcoin.
The board recognised digital assets as an attractive concept, but chose to maintain the current line.
"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," reiterated Meta.
Despite the recent decision, Meta continues to have an open attitude towards blockchain technology. According to some reports, the company has started preliminary talks with infrastructure companies crypto to evaluate the possible integration of a stablecoin to support international payments.
The vote ended a long debate on whether Meta should follow MicroStrategy's strategy, accumulating Bitcoin as a reserve. Meta's decision mirrors that of Amazon and Microsoft, whose shareholders have recently rejected similar proposals.
"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," wrote Eric Balchunas in a post on X (formerly Twitter).
The interest around a possible investment in Bitcoin by Meta has also been fuelled by CEO Mark Zuckerberg's personal connection to crypto culture: one of his kids is actually named 'Bitcoin'. Some market analysts have speculated that Meta could lead tech companies towards wider adoption of digital assets.
According to HODL15Capital's data updated in May 2025, more than 85 public companies collectively hold more than 804,000 BTC. In first place is MicroStrategy, with more than 580,000 BTC in its portfolio.
