On May 28, 2025, Meta shareholders rejected a proposal to allocate company cash reserves to Bitcoin. The vote occurred at Meta's annual shareholder meeting, revealing significant opposition, with only 0.08% of votes in favor and nearly 5 billion against.
Ethan Peck, a Bitcoin advocate, submitted the proposal suggesting Bitcoin as an inflation hedge, referencing BlackRock's 2% Bitcoin allocation suggestion. Meta's cash reserves were $70.23 billion as of March 31, 2025. The board stated that the company already has treasury processes focused on liquidity and capital preservation.
While companies like GameStop and MicroStrategy have added Bitcoin to their balance sheets, Meta's leadership and shareholders prefer traditional cash reserves. As of June 1, 2025, MicroStrategy holds 580,955 Bitcoins. Microsoft and Amazon have also rejected similar Bitcoin treasury plans. This decision aligns Meta with other tech giants that have rejected proposals to include Bitcoin in their treasuries.