Meta Platforms won’t be putting Bitcoin on its books anytime soon. A proposal asking the tech giant to explore holding Bitcoin in its treasury was decisively rejected by shareholders, marking another instance where crypto advocates have failed to sway big tech boardrooms.
The vote outcome came to light in a May 28 filing with the U.S. Securities and Exchange Commission (SEC), showing minimal support for the motion.
Treasury diversification proposal fails to gain traction
The initiative, titled a “Bitcoin treasury assessment,” was put forward by Ethan Peck, a longtime Bitcoin advocate and current Bitcoin director at Strive Asset Management.
He urged Meta to consider allocating a portion of its $72 billion cash reserve into Bitcoin, positioning it as a hedge against inflation.
However, the proposal was met with little enthusiasm. Out of several billion votes cast, only 3.92 million were in favor, representing just 0.08% of the total voting power.
Peck had argued that the company’s current cash strategy is being eroded by inflation, and that bond yields do little to protect shareholder value.
He also referenced BlackRock’s past advice that a 2% Bitcoin allocation could be a reasonable position for large institutional portfolios.
Despite this, the proposal did not gain meaningful support. Mark Zuckerberg, Meta’s CEO, holds approximately 61% of the firm’s voting shares as of April 2025, making it likely that his vote significantly influenced the outcome.
Meta joins other tech giants in rejecting Bitcoin push
This isn’t the first time Peck has presented Bitcoin-focused proposals to major tech companies. He previously submitted similar motions to Microsoft and Amazon under the National Center for Public Policy Research (NCPPR).
Microsoft voted against it back in December 2024, and Amazon shareholders are still pending a decision on a related proposal that would direct at least 5% of the company’s assets toward Bitcoin.
Despite growing institutional interest in Bitcoin, particularly following the approval of multiple Bitcoin spot ETFs in the United States earlier last year, most tech firms remain cautious about integrating Bitcoin into their balance sheets.
The Meta vote reinforces that hesitance, at least for now, even as broader conversations around inflation hedges and treasury strategies continue across traditional and web3 finance circles.
