Meta Platforms shareholders voted against a plan to see if the company should use bitcoin as part of its cash reserves. Nearly 9 million shares abstained, nearly 205 million shares were considered brokers non-voting. The vote took place at the company’s annual meeting this week. Without support, the proposal failed to move forward.
Shareholders reject Bitcoin proposal
According to public documents, Ethan Peck, an investor at the National Center for Public Policy Research, asked META to study whether converting its $72 billion in cash, cash equivalents and sellable securities into Bitcoin can help protect value.
Peck notes that bond inflation and low returns have been eroding the company’s cash hoard. He noted that fixed supply of Bitcoin and past price increases may provide hedging. Some shareholders voted for it, but most supported the company’s board of directors.
Yuan Platform Shareholders’ Voting for Bitcoin Treasury Evaluation Recommended pic.twitter.com/zeiruhq2ok
– Phoenix »phoenixnews.io (@phoenixnewsio) May 30, 2025
Board of Directors cites reliable finance administration
According to the report, Meta’s directors said there is no need for separate Bitcoin research. They argued that the company had plans to ensure cash is safe.
Meta leaders wrote that they review multiple investments regularly to ensure they have enough liquidity to operate. They did not comment on whether Bitcoin was a good or bad choice. Instead, they say their existing process meets all their needs.
Propels the company’s Bitcoin fall
The National Center for Public Policy Research has tried similar driving forces in Microsoft and Amazon. Microsoft shareholders rejected a proposal to put Bitcoin on the balance sheet in December 2024.
Amazon faced a comparable idea but did not take action. Even if some tech leaders give tips – Mark Zuckerberg named his goats “Bitcoin” and “Max” while board member Marc Andreessen sat on Coinbase’s board – big business remains cautious. They are worried about price fluctuations and additional rules for owning cryptocurrencies.
The focus of meta-transfer is towards stability
Meta now seems to be more interested in Stablecoins than buying Bitcoin. According to the report, the company is in talks with crypto infrastructure partners to use Stablecoin for global spending. This will make the meta faster and cheaper between boundaries.
This also marks the return of cryptocurrency efforts after Meta shut down its Diem project. As early as 2022, Diem was shelved under US regulation and pushed back. Meta’s new move shows it wants a payment technology but without the savage price of Bitcoin.
Currently, Bitcoin will not sit on Meta’s balance sheet. Some listed companies such as Tesla and Strategy have bet on Bitcoin. However, the Meta Board prefers a more traditional Treasury setup. By leaning towards stablecoins, they show how fast and stability they want to encrypt.
Featured images from Unsplash, charts for TradingView
Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.
