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Meta Investors Overwhelmingly Nix Bitcoin Treasury Proposal

  • Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company’s balance sheet, with over 5 billion votes against and just 0.08% in favor.
  • CEO Mark Zuckerberg also voted against the proposal, aligning with the majority decision.
  • Bitcoin advocate Ethan Peck argued that holding BTC could hedge against inflation, but the proposal did not gain traction within Meta or other major tech firms like Microsoft and Amazon.
  • While institutional investors and companies like GameStop and Metaplanet have embraced Bitcoin treasury strategies, Meta's shareholders have decisively turned down the idea.

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