Meta Platform’s shareholders voted against A plan to see if the company should hold Bitcoin as part of its cash reserves. Nearly 9 million shares were interest rates and almost 205 million shares counted as brokers non-votes. The vote occurred at the company’s annual meeting this week. Brief on support failed the proposal to proceed.
Shareholders reject Bitcoin proposal
According to public applications, investors Ethan Peck from the National Center for Public Policy Research Meta asked to study if you changed some of its $ 72 billion in cash, cash equivalents and turnover securities for Bitcoin can help protect the value.
Peck pointed out that inflation and low returns on bonds have eroded the company’s cash Hamst. He noted that Bitcoin’s fixed range and previous price gains can offer a hedge. Some shareholders voted for, but most pages with the company’s board.
Meta platforms shareholders vote against Bitcoin Treasury Assessment suggestions pic.twitter.com/zuhq2ok
– Phoenix »Phoenixnews.io (@Phoenixnewsio) May 30, 2025
Board quotes solid treasury
Based on reports, Metas Directors said that there were No need for a separate bitcoin study. They claimed that the company already has a plan to protect its cash.
Metas leaders wrote that they review many types of investments regularly to ensure that they have enough liquid funds for the business. They did not comment if Bitcoin was a good or bad choice. Instead, they said that their existing process meets all their needs.
Push for Corporate Bitcoin Falling Short
The National Center for Public Policy Research has tried similar pressure on Microsoft and Amazon. Microsoft shareholders in December 2024 rejected a proposal to put Bitcoin in the balance sheet.
Amazon met a comparable idea but did not act on it. Even when some technical leaders make tips – Mark Zuckerberg called his goats “Bitcoin” and “Max”, and board member Marc Andreessen sits on Coinbase’s board – the companies are still cautious. They worry about price swings and extra rules that come with owning Cryptocurrency.
Meta shifts focus to stablecoin
Instead of buying bitcoin, meta now seems more interested in Stablecoins. Based on reports, the company is in conversation with Crypto Infrastructure Partners to use a Stablecoin for global payments. This would let Meta send money faster and cheaper across borders.
It also marks a return to crypto efforts after Meta closed its Diem project. Back in 2022, Diem was hailed in the middle of the US regulatory pushback. Meta’s new features indicate that it wants a piece of payment techniques, but without the wild prices of bitcoin.
At the moment, Bitcoin will not sit in Meta’s balance sheet. Some public companies such as Tesla and Strategy Has put great bets on bitcoin. However, Metas Board prefers a more traditional tax chamber. By leaning against Stablecoins, they show that they want speed and stability over the dramatic ups and downs of crypto.
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