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Meta Shareholders Reject Proposal to Add Bitcoin to Treasury

  • Shareholders of Meta rejected a proposal to assess accumulating Bitcoin to the balance sheet.
  • Only 3.92 million votes were in favor of the 'Bitcoin Treasury Assessment' proposal, representing just 0.88% of the total. Approximately 5 billion voters opposed it.
  • Shareholder proposal by Bitcoin advocate Ethan Peck suggested Meta allocate some of its cash into Bitcoin to hedge against inflation, a proposal that was ultimately rejected.
  • Similar Bitcoin treasury proposals were made to Microsoft and Amazon, with Microsoft shareholders declining the proposal in December, while Amazon shareholders are yet to vote on it.

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