Metaplatform shareholders voted against a plan to see if the company should hold Bitcoin as part of its cash reserve. Almost 9 million shares abstained, and around 205 million shares counted as non-voting for brokers. The vote occurred at the company’s annual meeting this week. Even under support, the proposal failed to move forward.
Shareholders reject Bitcoin proposal
According to the public, Ethan Peck, an investor at the National Center for Public Policy Studies, asked Meta whether exchanging $72 billion in cash, cash equivalents and some of Bitcoin’s marketable securities would help protect their value.
Peck noted that bond inflation and low returns are eroding the company’s cash storage. He pointed out that fixed supply of Bitcoin and past price increases may provide hedges. Some shareholders voted in favor, but most were ally on the company’s board of directors.
Meta Platform shareholders vote against Bitcoin Treasury’s proposal to assess Bitcoin pic.twitter.com/zeiruhq2ok
– Phoenix»phoenixnews.io (@phoenixnewsio) May 30, 2025
The board cites solid financial management
Based on the report, the Meta director said there is no need for another Bitcoin investigation. They argued that the company already has a plan to keep cash safe.
Meta leaders write that they regularly review many types of investments to ensure sufficient liquid funding for their businesses. They did not comment on whether Bitcoin is a good or bad choice. Instead, they said that the existing processes meet all their needs.
Pushing corporate bitcoin shortage
The National Center for Public Policy Studies attempted a similar push on Microsoft and Amazon. In December 2024, Microsoft shareholders rejected the proposal to include Bitcoin on their balance sheet.
Amazon faced similar ideas, but did not act on them. Even when some technology leaders call his goat “Bitcoin” and “Max,” and board member Mark Andreesen sits on the Coinbase board to make tips, BIG companies are cautious. They are worried about price shaking and the additional rules that come with owning cryptocurrency.
Meta shifts focus to Stablecoin
Rather than buying Bitcoins, Meta is now more interested in Stablecoins. Based on the report, the company is in discussion with Crypto Infrastructure Partners regarding the use of Stablecoin for global payouts. This allows the meta to send money across borders faster and cheaper.
It also marks a return to crypto effort after Meta shut down its DIEM project. In 2022, Diem was shelved amid a US regulatory pushback. A new move in meta suggests that there is no fluctuation in the wild price of Bitcoin, but they want payment technology.
For now, Bitcoin is not sitting on the meta balance sheet. Some public companies, like Tesla and Strategy, have placed big bets on Bitcoin. However, Meta’s board prefers a more traditional Treasury setup. Leaning towards stubcoins, it shows that they want speed and stability more than the dramatic ups and downs of the code.
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