Meta Shareholders Reject Bitcoin Reserve Proposal

TLDR

• Proposal received only 3.92 million votes in favor.
• 4.98 billion votes opposed the Bitcoin reserve proposal.
• Meta’s reserves remain unchanged after the decision.

Meta Platforms, Inc.’s shareholders have rejected a proposal to evaluate adding Bitcoin to the company’s $72 billion reserves. The proposal, known as Proposal 13, was put forward by Ethan Peck from the National Center for Public Policy Research (NCPPR). It was intended to explore whether Bitcoin could be a more effective way to preserve shareholder value.

During the annual meeting on May 30, 2025, the proposal was overwhelmingly rejected. It attracted only 3.92 million votes in favor, which is less than 0.1% of total votes, while 4.98 billion votes opposed it.

Participants and Their Roles

The proposal was met with strong opposition from Meta’s leadership, led by CEO Mark Zuckerberg. However, it had public support from Matt Cole, CEO of Strive Asset Management, who urged Zuckerberg to consider a “bold corporate Bitcoin treasury approach.”

Zuckerberg has not historically shown any significant corporate interest in Bitcoin. The proposal’s rejection maintains the company’s existing cash management strategy, leaving its reserves unchanged. Ethan Peck and NCPPR are known for similar shareholder proposals but do not primarily focus on cryptocurrency.

Market Impact and Previous Cases

Despite advocacy from some quarters, the proposal’s defeat means Meta’s reserves will remain without Bitcoin. The crypto market, including Bitcoin itself, shows no significant shifts due to this decision. Bitcoin was the only cryptocurrency mentioned in the proposal with no effects on Ethereum or other altcoins.

Historically, similar proposals have been faced by other tech giants like Microsoft and Amazon. Both companies rejected comparable initiatives to include Bitcoin in their treasuries. These efforts have yet to achieve widespread adoption among large-cap U.S. companies.

Community and Regulatory Sentiment

The crypto community observes Meta’s decision as another instance of large companies resisting Bitcoin adoption. The proposal referenced a growing institutional interest in Bitcoin, mentioning examples like BlackRock’s endorsement of a small Bitcoin allocation, yet these developments remain unconnected to Meta’s decision.

No significant statements have been issued by regulatory bodies such as the SEC or CFTC regarding this vote. Despite the setback, advocates for Bitcoin inclusion in corporate treasuries continue to promote such moves as regulatory environments evolve.